DogeGov Parabolic Thesis from Largest Whale HolderWhales are loading up here in the blue zone.
Next Major TP:
Heartline (red line) in center of the green zone is the next target which is anywhere between $0.75 and $2.00 by Dec 1st.
Whales are loading up if you look at onchain metrics. Much larger orders coming through more frequently - several $10-20k purchase blocks.
Some early whales are selling from the previous ATH - this is healthy and necessary if we are to make a new ATH.
Largest whale Unipcs just bought $200k more a few days ago and continues to hold nearly 34 million DogeGov tokens or nearly $8M USD.
Parabolic Whale Thesis
Here is a link to his parabolic thesis in DogeGov also pasted below - Link
i'll give you a simple, straightforward answer first before going into a longwinded essay on why I'm still bullish:
i bought an additional $200k worth of D.O.G.E today
this is despite my public wallet being the biggest holder with $8 MILLION+ worth of tokens
i bought more not only because i genuinely believe that this is one of the biggest memecoin narratives to emerge this cycle
but also because the current price action is very bullish
many lose generation wealth on memecoins because they expect memecoins to simply pump to billion dollar caps in a straight line
not only does it rarely work that way, but it's bearish if a new memecoin keeps pumping without pullbacks because you're going to have a lot of people who suddenly have a lot of wealth and have never seen their memecoin experience a real pullback
so when they get the first real pullback they start dumping and it becomes a race to the bottom and there is almost no support for the token
the best and healthy way for a memecoin to grow is to have explosive pumps followed by deep pullbacks followed by more explosive pumps while making new highs
and that's exactly what's happening with D.O.G.E
i'll share some data to better illustrate my point:
- D.O.G.E has pumped 6,000% in the past month alone. that's A LOT of pumping and a bit of healthy correction is needed before the next aggressive leg up, which is what's happening right now
- its holder count has doubled in the past week alone, which means a lot of new users are replacing those that are exiting
- it has consistently been among the most traded token on the Ethereum chain in the past month. it is often the #1 traded token on the chain
- it is currently the #2 most traded token on Ethereum & second only to CRYPTOCAP:PEPE which is a $9 billion memecoin. it also has more total unique on-chain holders buying it than any other token in the top 5. that's incredibly bullish as this volume shows strong demand from users
- large wallets that are exiting are rapidly being replaced by smaller wallets which shows strong appetite for the token among small holders/retail who will keep evangelizing it
at the end of the day, whenever many hear about my story of turning:
- $16k to $18,000,000+ on CRYPTOCAP:BONK at peak
- $6k to $1,000,000+ on CRYPTOCAP:WIF at peak
- a lot of other smaller figures to 7 figures or an insane amount of Xs on other memecoins
they assume that doing this is a cakewalk
it isn't!
often i need to hold these assets for months through periods of 50 - 90%+ pullbacks before i achieve these insane gains
don't forget that i first started screaming about D.O.G.E around $6m - $9m market cap just 2 months ago
it experienced a small initial 'Unipcs pump' at the time which then gradually fizzled out as the moonbois chasing a quick pump got out shortly after and many thought it was done
yet i kept buying and screaming about it because i saw that the narrative and on-chain metrics favor an aggressive and explosive move for the token
many ignored it because they thought it has no legs and now at $280m they wished they had bought earlier
and at SEED_TVCODER77_ETHBTCDATA:1B + many will wish they had gotten in at these levels, God willing
the reality is that my bullish thesis for D.O.G.E has only gotten stronger (which is why i am tweeting about it a lot more):
- the Department of Government Efficiency / D.O.G.E has been announced so there's no doubt anymore that it will be formed
- Elon keeps memeing the department and has committed to weekly 'transparency updates' about their activity which will only fuel a media frenzy around the narrative
- Trump himself has memed the narrative by introducing a D.O.G.E t-shirt. we've seen several half-assed memes hit SEED_TVCODER77_ETHBTCDATA:1B + this cycle. imagine fading the ONLY narrative being memed by the literal President of the United States of America
- normies like D.O.G.E. several people have reported that their retail friends are asking them about it and are consistently picking it when presented a sea of options and asked to make a choice
- dogecoin is primed for an explosive rally heading into 2025 and D.O.G.E will be the largest beneficiary since it is the best DOGE beta right now
- D.O.G.E has done this well without any solid CEX listings. what do you think happens when it gets some strong CEXs? i heard that there are quite a few coming! 👀
in all, i tend to be a lone voice screaming about all of these memecoins for a while
but i often get ignored until they explode out of nowhere and outperform everything else including the favorite CT picks
then you all of a sudden have everyone shouting once again that 'BONK GUY WAS RIGHT'
well... bonk guy is screaming here once again
NOTE: i'll paste the contracts and charts for the real Department of Government Efficiency / D.O.G.E below since many keep asking whenever i tweet about it
- ETH contract: 0x1121AcC14c63f3C872BFcA497d10926A6098AAc5
- SOL contract (Cross-chain Bridge): KQijDbNJ6rPCqhtXrfH6gKa5cH3a39At8vHq34nnPbF (you can use this version if you want to have exposure on the Solana blockchain)
- CEXs: D.O.G.E is listed as 'DOGEGOV' on Gate, BingX, and a few other CEXs
