Dogecoin Dives as Whales Pivot to Proof-of-Stake Gems—What’s Their Next Play?
Dogecoin’s price takes a hit as crypto whales abandon the meme coin for greener—and more sustainable—pastures. Proof-of-Stake (PoS) tokens are stealing the spotlight, but which ones are attracting the big players?
Market shifts reveal a growing appetite for energy-efficient blockchains, leaving legacy coins like DOGE in the dust. Meanwhile, traders chase the next high-yield darling—because nothing says ’smart money’ like following the herd.
Will Dogecoin claw back, or is this the end of the meme coin era? One thing’s clear: in crypto, loyalty lasts as long as the next pump.
The POS Shift: Cardano Loses Steam as Coldware Gains Ground
So, where are the whales heading now? At first, cardano (ADA) looked like the go-to Proof-of-Stake (POS) pick. CCN reported in late May that whale wallets holding 10–100 million ADA boosted their holdings by around 170 million tokens—worth $128 million—in just a week.
But that excitement faded fast. New data from Santiment shows whales with 100 million to 1 billion ADA cut back heavily, dropping from 3.4 billion tokens in April to just 3.02 billion. That’s a big red flag from crypto’s biggest players.
“Cardano’s issue isn’t just chart-related—it’s institutional,” says strategist Victor Olanrewaju. “When whales exit like this, they’re shifting to what they see as stronger bets.”
And that’s where we come to Coldware ($COLD). This rising POS project is now grabbing serious attention. Its presale is already 60% filled and speeding up. Unlike typical smart contract platforms, Coldware brings hardware into the mix—offering end-to-end encrypted devices built to work with its blockchain.
“The rotation is intentional,” explains a respected crypto expert. “Whales want POS tokens with real-world utility. Coldware delivers that through its hardware-focused ecosystem.”
For former Dogecoin whales worried about energy use and scalability, Coldware’s LiteNode system is a big draw. It allows users to stake and launch tokens right from mobile—no costly rigs or deep technical know-how required.
Dogecoin’s Whales Are On the Move—But Not in the Direction You’d Expect
Dogecoin had a solid run earlier this year, jumping from $0.16 in April to nearly $0.26 by mid-May. A big part of that rally? Whales. Massive holders piled in fast, grabbing over a billion DOGE in just a few weeks, according to Santiment.
But that momentum didn’t last. A recent CoinDesk report from May 21st revealed those same whales dumped around 170 million DOGE—over $40 million worth—in just a few days. That sudden shift has left many retail holders asking: what changed?
“The initial buying spree looked bullish,” says BraveNewCoin analyst Sarah Chen. “But this kind of fast sell-off usually means whales are moving on to better opportunities.”
Technically, DOGE still shows signs of life. It’s holding support NEAR $0.218, but resistance around $0.233 keeps pushing it back—and every failed breakout seems to trigger more selling.
The kicker? These whale exits line up almost perfectly with a spike in activity across several Proof-of-Stake (PoS) projects. It’s not a full retreat from crypto—it’s a rotation. Transactions over $100K in DOGE dropped 18% in late May, while big-money moves into PoS chains ROSE more than 30%.
Final Thoughts
Dogecoin’s recent dip isn’t just market noise—it’s part of a bigger shift. As whales MOVE away from hype-driven assets, they’re chasing real utility, and Coldware ($COLD) is quickly becoming their top choice.
With its hardware-integrated blockchain and growing presale momentum, it offers what today’s investors want: practical use, scalability, and growth potential.
For more information:
Website: Coldware (COLD)
Telegram: https://t.me/coldwarenetwork
X: https://x.com/ColdwareNetwork
