Crypto Crowds Yo-Yo: Dogecoin and Solana Play Hide & Seek with Trading Volumes

by

Oh, the thrill of crypto – or should I say, the thrill of not trading much at all lately. Dogecoin, Solana, and the crew are currently having a little party, but instead of dancing, they’re hiding behind a curtain of half the weekly trading volume compared to glorious 2024. 🎉🙄

Dogecoin, Solana, & Others Have Seen A Decline In Volume Recently

In the latest episode of “Crypto, the Bored Edition,” analytics firm Santiment took to X (formerly Twitter-because why not make things more confusing?) to spill the tea on the sector’s dwindling trading activity. Turns out, the total tokens involved in trading over the past week are now as hush-hush as my New Year’s resolutions. 📉

So, when the numbers go up, it’s a sign traders are awake and interested – maybe even caffeinated. But when they slide down, well, it’s more “Netflix and chill” and less “buy the dip.”

Here’s a lovely chart by Santiment showing nine major players – Bitcoin, Ethereum, Dogecoin, Cardano, Solana, BNB, XRP, Tron, and Chainlink – in all their glory, or lack thereof:

Ah, the classic trend: a plunge in trading volume. It’s been like watching a passive-aggressive pond, with everyone kinda waiting for something to happen. Bitcoin, Dogecoin, and their friends are just chilling in this lull, probably contemplating their life choices as traders yawn and scroll Instagram.

The thing is, traders love fireworks – rallies, crashes, you name it – they’re the spice of life. When prices move sideways, interest drops faster than your motivation to hit the gym after New Year. And, surprise, surprise, the holiday season threw in a little extra dampener, showing that even crypto traders can’t resist a good holiday nap. 🎄😴

Now, here’s a twist: Back at the end of 2024, when the holidays rolled in, Bitcoin was also feeling the holiday spirit of inactivity. But! The real kicker is that Ethereum, Solana, Cardano, and Dogecoin still had some dance left – until now. According to Santiment, this year, they’re trading less than half as much as they did before. Zero fun, much boredom.

“Ethereum and other altcoins like Solana, Cardano, and Dogecoin were still seeing significant movement. This year, they have less than half the weekly trading volume.”

So, what does this mean? Probably not much I want to hear – but it suggests our favorite coins are taking a serious Netflix break. Less trading interest usually means less volatility – no adrenaline rush here, folks. Just a smooth, sluggish cruise to an uncertain future, unless some crazy news pops up and ignites the party again. 🎢🔥

DOGE Price

Dogecoin was riding high, hit $0.128 earlier in the week, probably while everyone was drunk on holiday cheer. But now? It’s back to $0.122, quietly retreating like a confused puppy who realized it’s not supposed to chew on the furniture. 🐶💸

Read More

2026-01-01 06:19