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As Dogecoin (DOGE) experiences an impressive rally, large holders, or “whales,” are capitalizing on profits and setting sights on new ventures like IntelMarkets (INTL). Let’s find out about DOGE’s latest surge, and why whales are now shifting focus to this new altcoin.
DOGE Rally: How Dogecoin Whales Are Cashing In Big
The meme coin world darling Dogecoin (DOGE) is currently seeing an enormous upswing. The coin has surged to an almost five-month high, representing an 18% gain over the previous day. This comes after reaching about $0.17, a level last seen in early June.
Tesla and SpaceX CEO Elon Musk seems to be in charge of this ongoing price rally. Musk’s support of Trump’s reelection campaign has generated rumors that Dogecoin (SOGE) may be used in a Trump government, should he win.
Trump has also hinted that Musk would play a position in his government by managing a Department of Governmental Efficiency (D.O.G.E.), which is a strangely similar name to Dogecoin’s ticker. This surprising link has ignited interest in Dogecoin (DOGE) and increased its upward momentum.
Further highlighting the strong trading interest around its surge are DOGE’s derivatives metrics. Coinglass reports that Dogecoin futures trading volume increased by 28% in the last day, while open interest increased by more than 34% to $1.48 billion, indicating active trading.
Furthermore, there was a 138% increase in options volume, indicating a high level of speculative activity in the derivatives market. Despite a 23.68% decline in options open interest, which was probably caused by some traders taking profits, overall bullish sentiment is still high.
IntelMarkets (INTL) Surges in Popularity—Here’s Why
IntelMarkets (INTL) is a newly introduced project to the crypto world that in just a few months, has taken the crypto world by storm. It has introduced the idea of AI-powered trading with its upcoming cutting-edge trading platform, which is AI-integrated at every level.
They offered a sneak peek of the features that their platform is bringing to the cryptosphere, and it caught the attention from investors all around the world. It includes features like dual-chain trading options, leverage options up to 1000x, over 100k tradable assets, AI-trained robots, multichannel analysis, an omnichannel system, and a lot more.
These features are all set to change the perception of trading for once and ever. Its dual chain-trading option will give its users the flexibility to either trade on the Ethereum network or the Solana network, weighing the pros and cons of both.
Besides that, their AI-trained robots are one of the most incredible features that this platform is bringing to us. It will make trading a breeze as it can analyze over 1000 different data streams for multiple assets simultaneously in just a few seconds. This gives traders an edge to focus on their profits, while AI does its job.
From Meme to Utility: Why DOGE Whales Are Flocking to INTL
As Dogecoin (DOGE) whales gain big profits from its recent bull rally, they’re shifting their profit capital to invest in new innovative projects. IntelMarkets (INTL) is one of them. Backing from whales of such established projects, INTL has managed to surpass a new milestone of raising over $1.6M in its ongoing presale. This massive funding in just a few months has caught everyone’s attention. It is currently offering INTL tokens for a mere $0.03 at its current presale stage. It is all set to reap over 3,444% gains once it officially debuts in the crypto market.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://coinedition.com/dogecoin-whale-tracker-largest-doge-holders-become-profitable-with-recent-surge-capital-flowing-into-this-utility-altcoin-for-3444-gains/