Edward Dod Dod’s views on the prevention of fraud in the encrypted currency Flash news details

On February 10, 2025, Edward Dodd, a prominent financial analyst, published a tweet indicating Aldos Huxley and Cryptocurrency Dogecoin (DOGE), which suggests possible fraud in the encryption market (Source: Twitter Download, February 10, 2025). This statement led to immediate market reactions. At 14:30 World time, Dog saw a 7.2 % sharp decrease in 15 minutes, decreasing from $ 0.12 to $ 0.111 (Source: CoinMarketcap, February 10, 2025, 14:45 UTC). Meanwhile, trading volumes increased by 45 %, reaching 2.3 billion dodes circulating in the same time frame (Source: Coingecko, February 10, 2025, 14:45 UTC). The tweet effect spanned beyond Doug, with other MIM coins such as Shayba Ino (Ship) and Fluki (Floki), which also suffers from 5.8 % and 4.2 %, respectively at 14:45 UTC (Source: CoinMarkcap, 10 February, 2025 , 14:45 UDI). The broader cryptocurrency market, including Bitcoin (BTC) and ETHEREUM (ETH) showed the lowest reaction, with BTC decreased by 0.5 % and ETH by 0.3 % at the same time (Source: CoinMarkcap, 10 February, 2025, 14:45 UTC). This indicates a local effect mainly affecting Mimi currencies.

DowD’s trading trading effects were important for Meme traders. The rapid decrease in Dog led to a rise in short sales activities, with a 30 % short interest in Dog increased during the next tweet (Source: TradingView, 10 February 2025, 15:00:00 UTC). This indicates the presence of declining feelings between merchants, and expects more declines. On the other hand, the growing trading volume indicates an increase in market activity, which may create opportunities for daytime traders. The DOGE/BTC trading pair witnessed a 6.5 % decrease in value, reflecting the relative performance of DOGE against Bitcoin (Source: Binance, February 10, 2025, 14:45 UTC). Likewise, the DOGE/USDT pair on Kraken witnessed a 7.1 % decrease, which confirms the widespread impact on various trading platforms (Source: KARKEN, February 10, 2025, 14:45 UTC). The scales on the series showed a 25 % increase in active DOGE addresses, indicating the rise in market participation (Source: Glassnode, February 10, 2025, 15:00 UTC).

DOGE’s technical indicators at 14:45 UTC revealed on February 10, 2025, with declining expectations. The Relative Power Index (RSI) decreased to 35, indicating that Doge was entering the sale area (Source: TradingView, 10 February 2025, 14:45 UTC). MacD divergence showed a landmark, with the MACD line crossing down the signal line, confirming the landfill (Source: TradingView, 10 February 2025, 14:45 UTC). The trading volume, as we mentioned earlier, increased by 45 %, which, along with low prices, indicates a strong sale (Source: Coingecko, February 10, 2025, 14:45 UTC). The scales on this series supported, with the number of DOGE network transactions increased by 30 % during the hour, reflecting the increasing trading activity (Source: Glassnode, February 10, 2025, 15:00 UTC). DOGE/USD pair on Coinbase showed similar trends, with a decrease in prices by 7.2 % and an increase of 40 % at 14:45 UTC (Source: Coinbase, 10 February 2025, 14:45 UTC).