Dogecoin news reveals a new trend of whale movements, which supports earlier reports of major Dogecoin holders moving portions of their holdings into a rising altcoin called Remittix (RTX). 

According to on-chain data, about $4.6 million in DOGE outflows were recorded around August 19, with most of the flows going toward the high-flying Remittix project. This activity happens while Dogecoin still witnesses recent subtle rallies around $0.22 to $0.23 as the broader crypto market consolidates. This change indicates a growing yearning for utility-focused tokens amid meme project fatigue.

Dogecoin Price Mirrors Fading Momentum

Dogecoin price is surfing through turbulent waters, trading around $0.22, limited by resistance near $0.23 to $0.24, with low RSI and waning buying pressure. While previous optimism came from chart patterns like Golden Cross setups, maintaining those zones has proven difficult. 

However, whale activity quieted despite a rise in large transactions earlier in August. This indicates that some holders are out for a higher and more convincing growth path in alternatives beyond Dogecoin’s hype-driven runs.

DOGE Experts Believe Remittix is Set Up for the Next Bullish Wave

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Author: AMBCrypto Team

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