Dogecoin (DOGE) and Toncoin (TON) Rally While Cold Wallet Hits $5.85M Milestone in Weeks

Toncoin (TON) is exhibiting potential for a price rebound as it maintains its position near the $3.20 support level, a situation potentially strengthened by a $558 million reserve deal anticipated to finalize this week. Dogecoin (DOGE) is also attracting attention after significant whale activity involving the purchase of $200 million worth of DOGE in a single day, prompting speculation about a possible US-approved DOGE ETF.

While these developments could translate into future gains,

$558M Initiative Could Propel Toncoin Price

Toncoin (TON) is currently trading around $3.20, a crucial support level historically associated with price recoveries. The price experienced a decrease of approximately 7% this week, moving from $3.70 into a demand zone between $3.30 and $3.20. Technical indicators suggest a reduction in selling pressure, with the Relative Strength Index (RSI) nearing oversold territory at 33 and the Moving Average Convergence Divergence (MACD) histogram showing signs of convergence.

Should the price rebound from this level, potential targets include $3.45 and subsequently $3.70. Increasing interest surrounds Verb Technology's rebranding to TON Strategy Co. and its commitment of $558 million to establish a Toncoin reserve, with the deal projected to close on August 7, 2025. If the support level holds, these combined factors may create a favorable buying opportunity for long-term investors.

Dogecoin Whales Accumulate $200M in a Single Day

Dogecoin (DOGE) whales acquired one billion coins, valued at approximately $200 million, within the past 24 hours. These whales now control nearly half of the circulating supply. The price is hovering near $0.20 following a slight pullback, but substantial buying activity of this magnitude can restrict supply and potentially stimulate a rally if demand persists.

Speculation is growing that the whale acquisitions might be linked to the increasing likelihood of a US-approved spot DOGE ETF, with the odds rising from 56% to 74% in early August. Analyst opinions are divided, with some forecasting a rise towards $0.50 in the coming months, while others anticipate only a short-lived 20% increase before a return to weakness. Market observers may find that whale movements and regulatory developments offer valuable insights into DOGE's future trajectory.

Final Say

The Toncoin (TON) price potential is being fueled by a substantial $558 million investment, and the Dogecoin (DOGE) situation reflects significant whale activity that could trigger a rally. However, both scenarios remain reliant on speculation and external influences.