TL;DR

• DOGE is down

• SHIB is down

• Solana Revenue Drops 93% Due To Memecoin

• Trump Memecoin Generates $350M

• Solana ETF Prospects Grow

• NY Bill Targets Memecoin Fraud

• Coinbase to Halt Meme Coin Trading in New York

• Argentine Lawyer Seeks Interpol Warrant for LIBRA Creator

Latest & Greatest 📰

Before we dive into both current and new airdrops, make sure to check the latest and greatest news across crypto:

Make sure to follow us on X for continuous updates about all things Crypto, Blockchain and Web3.

Dogecoin Price

Crypto is down this week, with DOGE down 21.0% and SHIB down 10.2%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin Market Update: Can DOGE Surge to $0.30 or Beyond?

Dogecoin (DOGE) has shown resilience amid market fluctuations, with recent developments fueling speculation about its price trajectory. The potential approval of a Bitwise Dogecoin ETF in 2025, along with significant whale accumulation, has created a bullish outlook for the meme coin.

The U.S. Securities and Exchange Commission (SEC) is reviewing an application for a Bitwise Dogecoin ETF, which could trigger increased investment and trading activity. The probability of approval by the end of 2025 has risen to 70%, reflecting growing market confidence. If approved, DOGE could experience substantial upward momentum.

Whale activity has intensified, with large holders accumulating 1.7 billion DOGE ($298 million) in 72 hours. This accumulation occurred as Dogecoin's price dropped from $0.22 to $0.16, suggesting confidence in a price recovery. Analyst Lumen noted that if DOGE reclaims $0.20 before the ETF approval, it could rally to $0.50 due to increased liquidity from institutional investors.

Dogecoin is currently trading at $0.1694, up 2.5% in the last 24 hours. The Moving Average Convergence Divergence (MACD) indicator signals upward momentum, with the MACD line at 0.00189 and the signal line at -0.00783. The Chaikin Money Flow (CMF) remains positive at 0.17, indicating strong buying pressure.

Additionally, DOGE recently tested critical support at $0.14 before rebounding above $0.16. Resistance sits at $0.20, with a potential surge to $0.30 if bullish momentum continues. Analysts suggest that if Bitcoin maintains its price stability and broader market conditions remain favorable, DOGE could see a significant uptrend.

Crypto analyst Ali Martinez highlighted that investor sentiment around Dogecoin is at its lowest in over a year, historically a precursor to strong reversals. Meanwhile, Kevin Capital pointed out that DOGE has retested key macro trend lines, including the 200-week Simple Moving Average (SMA), suggesting a strong support base.

Trader Tardigrade noted that DOGE is forming a 5-wave Ascending Broadening Wedge, indicating a possible breakout. The analyst added that a bullish RSI divergence further supports an imminent reversal.

Dogecoin's outlook remains bullish, driven by whale accumulation, positive technical signals, and the potential Bitwise ETF approval. If DOGE holds key support and breaks past resistance at $0.20, it could target $0.30 in the near term, with $0.50 a possibility in 2025. However, broader market conditions will play a crucial role in sustaining this momentum.

Shiba Inu (SHIB) has shown a remarkable recovery, surging 9% in the past 24 hours after hitting a seven-month low of $0.000010. This rebound comes as buyers re-enter the market, driving SHIB’s price to $0.00001212 at press time. The recent rally follows a steep 23.79% decline over the past month, highlighting renewed investor interest.

According to on-chain data from Santiment, SHIB’s Weighted Sentiment turned positive after three days in the negative zone. This shift indicates growing optimism, with investors seizing the opportunity to accumulate at lower price levels. Further data from MobChart confirms strong buying pressure, as both Delta and Order Imbalances have turned positive, signaling more buy orders than sell orders.

Coinglass data reveals that SHIB’s exchange netflow has turned negative, with outflows exceeding inflows by -60.84K SHIB. This suggests strong investor accumulation, often a precursor to a sustained price rebound. A negative netflow typically indicates that traders are moving assets into private wallets rather than selling on exchanges.

Technical analysts show that SHIB successfully tested the $0.000010 support, triggering a bounce to $0.000012. A bullish crossover on the Relative Strength Index (RSI) further supports the upward momentum, suggesting SHIB could break out of its descending triangle pattern. If the positive sentiment persists, SHIB may target $0.000013 next. However, a failure to maintain bullish momentum could lead to a pullback to $0.0000115.

Looking ahead, CoinCodex’s machine learning algorithm predicts a 19.16% price increase for SHIB before the end of March, potentially reaching $0.000015 on average and a high of $0.000026.

The forecast suggests a gradual correction between April and July, followed by a sharp rally in August, where SHIB could surge by 337% to trade between $0.000011 and $0.000053. By the end of 2025, SHIB is expected to trade in the $0.000019-$0.000028 range, reflecting long-term bullish prospects.

While short-term indicators point to a continued recovery, SHIB’s ability to sustain its gains will depend on broader market conditions and investor sentiment. The combination of strong buying pressure, positive exchange netflows, and bullish technical signals suggests that SHIB could see further upside.

However, traders should remain cautious, as the market remains volatile, and any slowdown in momentum could trigger a pullback. For now, SHIB’s recovery presents a promising setup for further gains in the coming weeks.

Financial News

Solana Revenue Drops 93% Due To Memecoin

Solana’s network revenue has plunged from $55.3 million in mid-January to $4 million, a 93% decline, as memecoin trading cools. DeFi total value locked (TVL) also dropped nearly 50% to $6.4 billion.

Pump.fun, responsible for 80% of Solana’s revenue, saw daily earnings fall from $15 million to $800,000. The hype peaked with Donald Trump’s TRUMP token, but both TRUMP and MELANIA have since crashed 86% and 95%, respectively. Solana’s price has followed suit, plummeting 58% from its January high of $293 to $122, reflecting the fading memecoin mania.

Trump Memecoin Generates $350M

Donald Trump’s TRUMP memecoin has earned at least $350 million, with $314 million from token sales and $36 million from Solana fees. The Trump Organization-affiliated CIC Digital and Fight Fight Fight own 80% of the supply. Initial sales raised millions, with evidence suggesting price stabilization efforts.

TRUMP’s value has dropped 82% from its $75 peak, but Trump-linked wallets still hold tokens worth $10.8 billion. The memecoin’s launch spurred 700 copycats and regulatory scrutiny, with lawmakers proposing bans and penalties for political figures involved in memecoins. Meanwhile, regulators assert that memecoins fall outside securities laws.

Subscribe to WAGMI Premium to read the rest.