Dogecoin traders spent November 3 watching one wallet instead of the chart. That wallet sent 421.6 million DOGE, worth about $31.4 million, to the Gate exchange. Coins sent to an exchange are usually coins someone plans to trade or sell. Yet 71.6% of DOGE futures accounts were long on November 2. So most traders still bet on a rise.
That leaves the dogecoin news this week on one question. The market must now decide which side the next move proves right. Below that whale headline, buyers have put more than $11.2 million into Pepeto, a meme coin whose planned exchange lets any trader swap at a 0.00% fee.
Dogecoin News: 421 Million DOGE Hits Gate as Price Holds $0.075
DOGE traded near $0.074 on November 3, after the transfer landed on Gate. The coins equal roughly 6% of a normal day’s DOGE trading. So a sale that size would show in the price, and it has not.
Still, futures traders lean the other way. DOGE open interest rose 2.43% to $197.2 million on November 2. Furthermore, longs are paying funding at 10.9% a year to keep their bets open.
However, DOGE is heading for a fifth straight weekly loss since late September, with resistance at $0.081 and then $0.088. Reaching $0.088 needs about 18%, or near $2.1 billion in fresh demand for an $11.6 billion coin. That 18% pays a $700 holder and a $7 million fund alike.
What this means is that this week’s dogecoin news is about trading costs as much as direction, since a whale moving coins that size pays a fee on every trade. Meanwhile, Pepeto is building a swap that charges 0.00%, so traders keep what they would have paid in fees.
Traders Back Pepeto’s 0.00% Fee Exchange Before It Opens
Traders are backing Pepeto because it is building a tool most meme coin presales never offer. This tool cuts a cost they pay every day. Pepeto is a meme coin with its own exchange in development, PepetoSwap, where swaps carry a 0.00% fee.
That matters because fees add up: a trader who swaps $5,000 a day for a month pays $450 on Uniswap’s 0.30% and $375 on PancakeSwap’s 0.25%. On PepetoSwap the same month costs $0 in swap fees. As a result, there is only network gas to pay, across market, limit and DCA orders.
The exchange is joined by a $0 bridge and a scanner that runs 42 AI checks, and testing access for all three goes privately to community members and big investors. SolidProof audited the contract and ran the team’s KYC, a former Binance expert sits on the development team, and the cofounder made the original Pepe.
Today’s stage price is $0.0000001905, and more than $11.2 million has come in at stage prices. Each new stage costs more, so every buyer pays less than the one who follows.
DOGE itself sank to $0.0012 in the COVID crash of March 13, 2020, then hit $0.7376 on May 8, 2021. Pepeto’s raise is about half of 1% of what DOGE needs to reach $0.088. Therefore, new money moves this base much further.
The Gate transfer and the crowded long side leave DOGE waiting on its first resistance, where a weekly close would end five losing weeks. That gain is a share of today’s price, while DOGE’s largest gain belongs to its 2020 buyers.
For anyone reading dogecoin news to find the next meme coin with tools behind it, Pepeto is this week’s answer. Its raise grew through a month when DOGE lost a fifth of its value. So buyers kept paying stage prices.
Each stage fills while the next is priced higher, and the Binance listing expected ahead ends stage pricing. A buyer at today’s stage holds the entry the listing is measured from, while one who waits pays a later stage or the open market.
Click To Visit Pepeto official Website To Enter The Presale
Partner content. Crypto carries risk. Not financial advice.
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