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International digital asset management firm CoinShares says institutional crypto investors have finally ended their post-US election 19-week crypto buying spree. According to Coinshares, institutional whales pulled over $415 million out of crypto products last week after nearly 20 weeks of inflows. “Digital asset investment products saw their first significant outflows, totaling $415m, following an unprecedented 19-week post-US election inflow streak that amassed $29.4bn — far surpassing the $16bn recorded in the first 19 weeks of US spot ETF (exchange-traded fund) launches that began in January 2024.” Source: CoinShares Coinshares also postulates that a hawkish Fed may have precipitated the drop. “We believe these outflows were triggered by the Congressional meeting with Fed Chair Jerome Powell, who signaled a more hawkish monetary policy stance, coupled with US inflation data exceeding expectations.” Per the CoinShares report, the Unit...

A popular on-chain strategist says the top meme token Dogecoin (DOGE) is seeing an abrupt increase in network activity. Analyst Ali Martinez tells his 73,400 followers on the social media platform X that institutional investors may be behind the sudden rise in large Dogecoin transactions. “The number of large Dogecoin transactions on the network continues rising, which suggests institutional players and DOGE whales are positioning themselves for a potential upside move.”  Source: Ali Martinez/X Last week, Martinez noted that crypto whales accumulated over $100 million worth of DOGE in just one day. “Dogecoin whales bought over 1 billion DOGE in [24 hours], totaling roughly $108.7 million!” Source: Ali Martinez/X With Dogecoin flashing signs of life, Martinez now says DOGE may be on the cusp of repeating the massive rallies it witnessed during the 2017 and 2020 cycles. “History often repeats itself, and Dogecoin might be doing j...