Dogecoin's Dip: Is NASDAQ Selling to Blame?

Dogecoin faces price dips amid NASDAQ buzz and whale exits. Is there a future for the meme coin? Find out about Dogecoin and Little Pepe in this article.

Dogecoin, the meme coin that captured hearts (and wallets), is facing a bit of a rough patch. With price dips and whispers of NASDAQ selling, the Doge faithful are wondering what's next. Let's dive into what's happening with Dogecoin and see if we can sniff out some answers.

Dogecoin's Wild Ride: Rebound and Retreat

Remember the hype around House of Doge? The potential NASDAQ listing in 2026 sent DOGE soaring, rebounding almost 45% from its "Black Friday" lows. But like a sugar rush, the excitement was short-lived. It seems some big players used this as an opportunity to cash out.

Whales and Long-Term Holders Make an Exit

On-chain data reveals that major wallets and long-term investors reduced their Dogecoin holdings after the House of Doge announcement. Whale wallets holding between 100 million and 1 billion DOGE sold off around 360 million DOGE. Long-term holders weren't far behind, with net selling increasing significantly. All in all, nearly 640 million DOGE, worth about $130 million, exited whale and holder wallets during and after the rebound.

Dogecoin Price: A Test Near $0.20

Currently, Dogecoin price continues to trade inside a descending triangle and faces a key test near $0.20. The 4-hour chart shows the price inside a descending triangle, signaling potential weakness. The Relative Strength Index (RSI) hints at a correction in the shorter term. Watch out for a break below $0.194, which could lead to deeper corrections.

Little Pepe: A New Meme Coin Challenger

While Dogecoin is wrestling with its challenges, a new meme coin, Little Pepe ($LILPEPE), is making waves. With its own Ethereum-compatible Layer-2 blockchain, Little Pepe aims to offer faster, cheaper transactions, and real-world utility. It seems to have captured investors' attention, marking a 120% increase so far, with more than 16.37 billion tokens already sold out of the 17.25 billion allocated for presale.

Is This the End of the Doge Era?

Dogecoin has been a stalwart of the meme coin market, though it might not grow its price by the year 2025 because of the huge challenges it will face in breaking the barrier of $0.50. Little Pepe ($LILPEPE) is, meanwhile, gaining momentum with its innovative Layer-2 blockchain, cheap transactions and utility-oriented ecosystem.

Final Thoughts

So, is NASDAQ selling the culprit behind Dogecoin's dip? Maybe, maybe not. The crypto world is a wild place, and what's hot today might be old news tomorrow. Whether you're a die-hard Doge fan or have your eyes on the next meme coin sensation, remember to do your research and invest responsibly. After all, nobody wants to end up in the doghouse!