Dogecoin (DOGE) is currently testing a crucial support level at $0.17, marking a 31% decline from its peak in May 2025. The meme cryptocurrency is under significant selling pressure, exacerbated by large whale movements. Recently, 400 million DOGE were transferred to Binance, signaling potential profit-taking or capitulation among early investors. On-chain data reveals that 30% of DOGE addresses are now in loss, with their acquisition prices above the current trading range of $0.18. This development raises concerns about further downside if the $0.17 support fails to hold. As of June 8, 2025, the market watches closely to see if Dogecoin can stabilize or if additional sell-offs will push prices lower.
Dogecoin Tests $0.17 Support Amid Sell Pressure and Whale Movements
Dogecoin faces renewed selling pressure as it retests the critical $0.17 support level, marking a 31% decline from its May peak. A significant transfer of 400 million Doge to Binance signals potential profit-taking or capitulation among early rally participants.
On-chain metrics reveal troubling signs: 30% of DOGE addresses now hold bags at a loss, with acquisition prices above the current $0.18 trading range. The breakdown of $0.20 support has triggered $800 million in realized losses over three days, as short-to-mid term holders liquidate positions.
Market structure appears fragile. The Binance inflow suggests holders may sell into any price strength, creating a self-reinforcing downward cycle. Whether the meme coin stabilizes or breaks support hinges on whether underwater holders choose to endure or exit.
AB DAO Launches Native Token $AB on Binance Alpha to Drive Stablecoin and Payment Infrastructure
AB DAO, a modular blockchain network, has debuted its native token $AB on Binance Alpha, Binance's exclusive early-access platform. The listing aims to advance AB DAO's goals in stablecoin issuance, payment networks, and decentralized philanthropy.
Binance Alpha's rigorous security review and active user base will help AB DAO identify performance bottlenecks and optimize its ecosystem. The platform's targeted traders provide real-time feedback for iterative improvements.
AB DAO's infrastructure includes a live mainnet, IoT sidechain, and cross-chain protocol. Its wallet already supports BSC transactions and multi-asset management, serving a global community of over 10 million users across seven language groups.
Bitcoin Price at Critical Juncture as Whale Activity Sparks Volatility Concerns
Bitcoin's price trajectory hangs in balance as conflicting signals emerge from technical indicators and on-chain data. The cryptocurrency currently trades at $104,300, caught between bullish momentum and growing sell-side pressure.
Recent whale movements have raised market eyebrows. A Tether-associated wallet transferred 200 BTC ($20.88 million) to Binance on June 7, continuing a pattern that's seen 1,650 BTC deposited since May 9 - when Bitcoin reclaimed the $100,000 level. Exchange net inflows totaling 3,200 BTC this week suggest increasing liquidity that typically precedes price volatility.
Analysts remain divided on short-term direction. While some point to strong resistance levels currently capping upside, others note historical patterns that could support another leg upward. The $110,000 level looms as both psychological barrier and potential breakout target.
Hyperliquid Hits Record $248B in May Perps Trading Volume
Hyperliquid, a decentralized perpetual futures platform, achieved a historic $248 billion in trading volume during May 2025—a 51.5% surge from April. The platform's growth trajectory is undeniable, with year-on-year volume exploding by 843% from $26.3 billion in May 2024. Market observers attribute the momentum to Hyperliquid's competitive edge: CEX-like usability, minimal fees, and rapid execution without sacrificing onchain transparency.
The platform now commands 10.54% of Binance's perpetual futures volume, up from 9.76% in April, signaling accelerating migration toward decentralized alternatives. Traders are increasingly prioritizing self-custody solutions, with Hyperliquid's Season 2 points campaign further fueling adoption after its successful initial airdrop.
This milestone underscores a broader shift in derivatives trading. Onchain perpetual contracts are gaining material market share as infrastructure improves and users reject custodial risks. Hyperliquid's record month may mark an inflection point for DEX dominance in Leveraged trading.
