Whale doubles on SOL when traders see Bitcoin dogs
Solana regained the $160 level over the weekend to see the SOL bulls hit their highs since August 9.
As Whale Doubles on SOL, What's the Outlook for Bitcoin Dogs?
Bitcoin has recovered from a small drop to trade above $64,000 on August 25, which came as the market reacted to news of the arrest of Telegram founder Pavel Durov.
Despite the double-digit dips for Toncoin, Bitcoin held near $64k and Solana retested the $160 price level, traders continued to be bullish for Bitcoin.
Whaling stock $4.5 million Solana (SOL)
News of Telegram founder Pavel Durov's arrest in France has drawn negative reactions across crypto. Top Coins are paired with TonCoin (TON), the blockchain powering the crypto network that is being combined with the crypto messaging platform.
Here is what Edward Snowden said:
@Durov's arrest is an attack on basic human rights to free speech and association. I am surprised and saddened that Macron stooped to the level of a hostage to get personal. Not only France but the world.
— Edward Snowden (@Snowden) August 25, 2024
Despite the negative pressure, Bitcoin stayed near $64,000 and Ethereum changed hands near $2,700. Meanwhile, Solana rose above $160 for the first time since early August.
A whale used the previous slide to add to their SOL holdings. According to Loonchain details, one whale bought more than 28k Solana (SOL) tokens worth more than $4.5 million, which went into stock.
A whale bought 28,717$SOL($4.56M) from #Binance today and put in shares. pic.twitter.com/iavZfNs9mb
— Lookonchain (@lookonchain) August 25, 2024
Solana Network is the whale's biggest move, despite tough competition from TRON in the meme coin space. Last week, the SunPump platform took a big bite out of Pump.fun's dominance, including revenue.
Is Bitcoin Dogs worth buying in the current market?
As analysts in the market have suggested in recent weeks, various cryptocurrencies may offer a great opportunity for long-term betting.
It is characterized by the potential for BTC to climb to new all-time highs. Meanwhile, traders hunting for the next gem may find signs like Bitcoin Dogs' potential opportunities.
Bitcoin Dogs token BRC-20 is the first to complete a sale on Bitcoin. After its debut on Gate.io, MEXC and Unisat, the 0DOG token was quickly listed on Uniswap and DEXTools. The OKX Web3 wallet also supports the 0DOG token.
In the list of Bitcoin dogs on MEXC and Gate.io, top analysts proposed that This could be a good buying opportunity for those looking at 0DOG.
Summary
Despite Solana's price rally from a multi-week barrier, investors are bullish on SOL. Toncoins and notcoins seized by Durov may still be recovering in the eyes of the wider market.
Meanwhile, Bitcoin Dogs has the potential to be a good long-term opportunity, especially the integration of the project with play-to-earn, NFTs and DeFi on Bitcoin. After the token's listing on Gate.io, MEXC and Uniswap, 0DOG may be worth watching if other top exchanges follow suit and offer more visibility.
If you are interested in learning more about Bitcoin Dogs, visit their official website.
