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Cryptocurrency News Articles

Diverging Paths: Shiba Inu (SHIB) Breaks Out of Correction, Dogecoin (DOGE) Dumped by a 570M Token Whale

Apr 30, 2025 at 02:30 am

In a market increasingly driven by uncertainty, meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are revealing diverging paths.

Diverging Paths: Shiba Inu (SHIB) Breaks Out of Correction, Dogecoin (DOGE) Dumped by a 570M Token Whale

In the dynamic landscape of the crypto market, meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are displaying diverging paths as they navigate through a period of heightened uncertainty.

In the dynamic landscape of the crypto market, meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are displaying diverging paths as they navigate through a period of heightened uncertainty.

Shiba Inu appears poised for a breakout from a multi-month correction, with bullish signals forming on fib levels. Conversely, Dogecoin is encumbered by a massive whale selloff—implicating a lack of confidence in short-term upside.

As these speculative assets battle volatility and sentiment, Cold Wallet—a crypto utility project currently in presale at just $0.00714—is presenting investors with something more structured. Focused on privacy-first technology and a robust token distribution model, Cold Wallet is focused on longevity, not the next pump.

Dogecoin (DOGE): Whale Activity Sparks Bearish Concerns

Dogecoin’s YTD performance has been lackluster, with the asset down over 50% in 2025. The meme coin is currently trading at $0.155 after encountering selling pressure that brought prices down from $0.159, a key resistance level.

Recently, there has been a surge in selling activity as whales offloaded 570 million DOGE tokens, amounting to a selloff of about $88.8 million. This selloff has pushed Dogecoin back toward its $0.153 support level. Technical analysis indicates that if the asset fails to hold above the $0.15 level, a slide toward $0.14 is likely.

Despite scattered bullish calls from the community, Dogecoin’s structure and the behavior of large traders suggest that caution is warranted, especially considering the minimal momentum from institutional buyers.

Shiba Inu (SHIB): Bullish Structure Forming on Key Support

Shiba Inu is testing a breakout from a falling wedge after completing a complex WXY correction pattern, typically used to analyze intermediate-term trends in financial markets. The price has repeatedly encountered support at $0.00001078, forming a base that could propel it higher.

Recent price action includes a five-wave impulse, which is a strong directional move, followed by a corrective ABC pattern. The token is now testing the lower boundary of the falling wedge and is closely observed by analysts.

Breaking above the $0.00001263 to $0.00001516 resistance zone could be crucial for confirming the breakout and setting the stage for a new bullish impulse. As the price hovers slightly below this range, the decreasing strength of the sellers suggests that SHIB may be entering a phase of renewed strength.

Cold Wallet ($CWT): Built for Utility, Not Just Trend

In contrast to meme coins facing whale selloffs and uncertain breakouts, Cold Wallet is focused on building valuable infrastructure for the crypto ecosystem. Priced at $0.00714 in presale with a projected launch price of $0.351, $CWT offers a potential return of 4,900%.

Its hybrid architecture combines the security of cold storage with the usability of a hot wallet, making privacy accessible without any compromises. Key features include zero-knowledge proof-powered balance verification, stealth transactions, and anonymous authentication, setting the stage for a compliant and private Web3 ecosystem.

Cold Wallet’s roadmap is equally grounded: Q3 2025 marks the MVP launch, Q4 will bring CEX/DEX listings and multichain support, and H1 2026 introduces a developer SDK and a privacy-focused launchpad.

Tokenomics are clearly defined: 40% for crypto presale, 30% for DAO/user incentives, 15% for development, and 15% for the team and partners. This structure ensures sustainable growth while aligning rewards with platform utility.

Cold Wallet isn’t promising hype, it’s delivering a toolkit for long-term relevance in a regulatory-conscious environment.

The Last Line

Dogecoin’s $88M whale dump highlights fading confidence, with the price barely clinging to $0.153 support. Shiba Inu, in contrast, is showing early signs of reversal with bullish wedge structures forming on multiple timeframes. But both remain vulnerable to volatility and market noise.

Cold Wallet, priced at just $0.00714, stands apart by offering real infrastructure, privacy, and governance in one package. Backed by clearly defined tokenomics and institutional-grade architecture, $CWT is defining it as the rational bet in an irrational market. For investors looking beyond meme-driven trends, Cold Wallet represents a grounded, growth-ready entry point with long-term value.

Explore Cold Wallet Now:

Presale: https://purchase.coldwallet.com/

Website: https://coldwallet.com/

X: https://x.com/ColdWalletToken

Telegram: https://t.me/Cold

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