TL;DR

• Binance expanded user options, adding DOGE and other assets as collateral on Fixed Rate Loans and VIP Loans.
• The involved cryptocurrencies saw minor gains, possibly boosted by the company’s support and the broader resurgence of the crypto market.

Further Support for These Cryptocurrencies

The world’s largest crypto exchange recently included Dogecoin (DOGE) and Litecoin (LTC) as collateral assets on Fixed Rate Loan. It also added ChainGPT (CGPT) as a loanable asset on the VIP Loan. 

Binance’s Fixed Rate Loan program enables users to borrow or lend stablecoins at fixed interest rates, ensuring predictable costs and returns. Borrowers secure loans with collateral. Well-known cryptocurrencies that can serve that role include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX), as well as the recently added DOGE and LTC. 

“The platform effectively matches the needs of suppliers and borrowers. Fixed Rate Loan is over-collateralized, supporting multi-asset collateral to reduce liquidation risk. It also features an efficient automated process with auto-repay and auto-renew options,” the company explained.

For its part, the company’s VIP Loan service offers over-collateralized loans for institutional and large-scale clients, providing flexible terms, competitive rates, and access to multiple assets. 

DOGE, LTC, and CGPT have all charted gains in the last 24 hours. However, the support from Binance might not be the only factor contributing to their positive performance.

Another element is the overall resurgence of the cryptocurrency market, where Bitcoin (BTC) exceeded $98K, while Ripple (XRP) tapped a seven-year high of almost $2.90. Other top performers include Stellar (XLM), Cardano (ADA), and more.

The Delisting Effort

Besides adding new services to clients, Binance often removes cryptocurrencies or certain trading pairs due to factors like poor liquidity. Several hours ago, it announced that the following spot trading pairs: BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, TWT/BTC will no longer be available from January 17.

Spot trading services for the aforementioned will also be terminated on that date. “Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses,” the exchange advised. 

Earlier this year, Binance conducted a similar amendment, disclosing that LIT/BTC, NULS/BTC, SFP/BTC, BEL/BTC, and LSK/BTC will become unavailable to clients from January 16. 

TL:DR;

• Crypto markets went through a more volatile end of the week, but larger investors seem unfazed as they keep accumulating two of the biggest tokens by market cap.
• The question now is whether XRP and DOGE will rebound swiftly, given the massive purchases completed by the so-called whales.

It was a rollercoaster of a week for the entire crypto market, with BTC surging past $102,000 at the start of it only to dump by more than ten grand within two days to a multi-week low.

The altcoins followed suit, as DOGE, for example, stood close to $0.4 at one point this week but then plunged toward $0.31, representing a 22% retracement.

XRP went above $2.5 briefly on January 4 and to $2.47 on January 7, but the market-wide correction pushed it to a low of $2.2 on January 9 before it calmed to around $2.33 in the past 24 hours.

Such enhanced fluctuations tend to scare off certain investors, especially retail, but that has not been the case with whales. Data from Santiment, shared by Ali Martinez, show that XRP and DOGE whales went on an accumulation spree amid this market uncertainty.

Those holding the largest meme coin by market cap increased their stash by adding more than 470 million DOGE in 48 hours alone. In USD terms, this would put the total accumulation at about $150 million, with an average price of $0.33 per token.

The XRP case is even more bullish as whales purchased more than a billion tokens within the same timeframe. An average price of around $2.3 puts this two-day acquisition at $2.3 billion.

Whales bought roughly 1 billion $XRP in the last 48 hours! pic.twitter.com/XUlibpXkz5

— Ali (@ali_charts) January 10, 2025

It’s worth noting that both assets reacted to this market-wide crash in a less painful manner compared to the previous one at the end of 2024, when BTC slumped toward $91,000 once again.

Back then, XRP tumbled hard, slipping below $2 on a couple of occasions. So far, during this correction, the token’s low was 10% higher at $2.2, perhaps assisted by the aforementioned large purchases.

DOGE’s scenario was similar as it plummeted to just over $0.26 on December 30, while its bottom now came at over $0.31.

Consequently, it’s safe to say that the whale accumulations helped both assets during the crash, and they could have an even greater effect if they continue and the market rebounds in the next few days.

There’s never a dull moment in crypto – especially when it comes to meme coins. After yesterday’s marketwide dip, DOGE is down -10% and PEPE has dropped by -11% in the last 24 hours.

This activity is really shaking the markets, generating $5.9 billion in trading volume for Dogecoin and almost $2 billion for Pepe. Sentiment is bearish, at least for the short term, as the markets digest the latest moves and traders try to work out where things go next.

However, its not all doom and gloom for meme coin enthusiasts, as two major ICOs are continuing to show bullish momentum.

Meme Coin Market Stalls, DOGE and PEPE Take a Hit

The meme coin market is largely driven by community sentiment and belief – so when uncertainty strikes, emotions can quickly take over. During bearish conditions, many traders and investors are quick to panic, creating dips that bulls immediately look to take advantage of.

Looking at Dogecoin’s daily price chart, we can see this story playing out already:

From a double bottom over a confluence of support lines, and a pump that quickly lost momentum and led to yesterday’s dip, it’s clear that DOGE holders are torn over where the price of this leading meme coin is headed.

Dogecoin price action is very similar to one year ago. In November 2023, $DOGE traded up, then dropped and consolidated before a major move up in 2024. In November 2024, Doge traded up higher, then dropped and is now consolidating. Next is a major move up in 2025. pic.twitter.com/QvMPxh7Bbw

— KrissPax (@krisspax) January 8, 2025

However, we should note that the confluence of two support lines (one horizontal around $0.29, and a diagonal line forming a bullish ascending triangle) remains in place here. This means that despite yesterday’s drop, DOGE still has plenty of power left. Bulls will look to push DOGE back to $0.485 and beyond, and they have a good chance of achieving that goal right now.

As for Pepe, a very different scenario is emerging, but it still has a bullish angle left to play for:

PEPE has shown significantly more weakness than DOGE, making it appropriate to analyse this chart with more of a focus on the bearish side of things. By forming a descending triangle pattern, PEPE is challenging bulls to maintain the asset’s primary support level at $0.00001655.

If they succeed, PEPE bulls can then have a shot at breaking the descending triangle’s red resistance line. This would ignite a new pump, with $0.00002833 as the target.

Early days of $PEPE vs. early days of $SHIB pic.twitter.com/wpDsewVaoR

— Chandler⚡️ (@ChandlerCharts) January 7, 2025

Taken together, DOGE and PEPE are demonstrating exactly how divided meme coin market sentiment currently is.

This saga looks ready to continue well into February and March – so right now, investors who are searching for greater certainty should check out a pair of tokens making waves through their market-beating ICOs.

Many former DOGE and PEPE holders are now rotating their profits into these coins, and this trend is going to continue for the foreseeable future.

Wall Street Pepe ICO Raises $44m in One of the Fastest Growing Meme Coin Presales

During uncertain times, the belief of even the most experienced crypto traders and investors can be shaken. Wall Street Pepe ($WEPE) is the perfect solution to this, as its token holders are joining forces as the WEPE Army.

Through the Wall Street Pepe project and community, WEPE holders will gain unparalleled access to top alpha calls, trading insights, and market-beating strategies. This will give them the best possible chances of outperforming even top Wall Street veterans, market makers, and crypto whales – who until now have determined the ultimate course of the markets.

The WEPE presale has now raised over $44 million, with tokens priced at $0.00036644 and a staking APY of 29% available for early investors who want to generate passive income.

Now that frog coins like Pepe Unchained and the original Pepe have proven the strength of the “frog coin” narrative, Wall Street Pepe and its constantly growing army of investors seem ideally positioned to pump.

Visit Wall Street Pepe Presale

Flockerz ICO Nears $10m Raised With 14 Days Left to Enter

Very few meme coin projects have genuine long-term viability – but the utility of new token Flockerz ($FLOCK) has seen it race to almost $10m in its ongoing presale.

The Flockerz community (also known as “The Flock”) will gather within a DAO called FlockTopia, where they can use their FLOCK tokens to determine how the project develops through a unique voting mechanism. Known as “Vote-to-Earn” (or “V2E”), this system rewards FlockTopia voters with even more FLOCK tokens, giving a louder voice to the most engaged participants and driving a passionately active community.

Thanks to high-flying tokens like PENGU, bird-themed meme coins are starting to distinguish themselves and attract major investors, including whales. FLOCK is certainly benefiting from this narrative, and presale investors are also enjoying the extra gains provided by the project’s staking protocol – which has a huge 297% APY.

In just 13 days, the Flockerz ICO will come to an end, and the token’s current discounted price of $0.0066351 will be a distant memory.

Visit Flockerz Presale

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