Traders Say Goodbye to Dogecoin But Onchain Metrics Show Solana Might Have Another Leg Up

There is a wave of uncertainty in the crypto markets, as Dogecoin and Solana prices experience significant drops. While experts point to external factors like US President Trump’s new tariffs or the continued fallout from the DeepSeek launch, investors are the ones affected.

However, people who opted for the promising new ICO, DTX Exchange, are pleasantly surprised to find their losses offset to some extent by its presale gains. This less-known but highly promising project has delivered impressive returns, exceeding 600% for early holders. DTX Exchange stands out in the markets as a solid, utility-driven alternative with high growth potential.

Whale Actions Push Dogecoin Down 24%

Investor sentiments are in a recovery phase as the bear cycle seems to be easing up, and traders expect a bull run soon. Meme coins usually experience higher levels of market uncertainty because they are based on community hype and support.

Dogecoin is the top meme coin, with a strong playful image and many celebrity endorsements. Its price also suffered a major drop in the past week as whales sold off around 270 million DOGE tokens. The cryptocurrency market charts show a 24% decline in Dogecoin over the past week.

With Dogecoin’s bear run now extending over a month, investors are looking for utility-based coins to improve their investment returns. Many Dogecoin holders are now adding DTX Exchange to their crypto holdings.

Solana Price Loses 18% Under Geopolitical Changes

The SOL network is one of the fastest-growing in the market due to its high adoption rates. It also has other technical strengths that ensure that Solana’s price is usually above or at par with market growth rates. This is why Solana’s price managed to avoid the recent slump the markets experienced in late January. The SOL network also got a huge boost when the TRUMP and Melania coins were launched on its network.

In February, so far, Solana’s price has dropped by 18%, ranging from a high of $241 to a low of $183. Recently, the market volume for the SOL token has grown by 12% to $4.14 billion. This supports market analysts’ predictions that SOL may surge when the markets start moving in a positive direction.