• Circle is accused of failing to freeze exploit-linked transfers.
• Approximately $230 million in stolen funds was routed through Circle’s USDC.
• Drift plans $147.5 million recovery backed by future revenue.

Circle Internet Group, the issuer of the USDC stablecoin, is facing a class action lawsuit over its alleged failure to stop the movement of stolen funds linked to the Drift Protocol exploit.

The lawsuit, filed by Drift investor Joshua McCollum at the US district court in Massachusetts on behalf of over 100 impacted users, centres on whether the company had both the ability and the obligation to intervene as the exploit unfolded.

Lawsuit targets Circle’s role in fund transfers

The legal action stems from the April 2026 breach of Drift Protocol, a Solana-based decentralised exchange, where attackers drained roughly $285 million.

A significant portion of those funds, estimated at around $230 million, was quickly converted into USDC.

From there, the funds were moved across chains, primarily from Solana to Ethereum, using cross-chain infrastructure.

The transfers were not instantaneous. They occurred over several hours and were split into more than 100 transactions.

This detail sits at the centre of the lawsuit.

Plaintiffs argue that Circle had a window of opportunity to act.

According to the claim, the company could have frozen the affected wallets or halted the transfers, limiting the damage. Instead, the funds continued moving until they were fully out of reach.

The case accuses Circle of negligence and of indirectly facilitating the loss by failing to act despite having the technical capability to do so.

This argument is reinforced by previous instances where the company has frozen wallets tied to illicit activity, showing that such intervention is not only possible but already part of its operational toolkit.

At its core, the lawsuit raises a difficult question: when a centralised entity operates within a decentralised system, where does its responsibility begin and end?

Drift’s recovery plan

In response to the exploit, Drift Protocol has outlined a structured recovery plan aimed at addressing user losses while rebuilding the platform’s liquidity and operations.

The protocol is seeking to mobilise up to $147.5 million, with a significant portion backed by Tether and other ecosystem partners.

This figure, however, should not be viewed as immediate compensation.

A large share of the funding comes in the form of a revenue-linked credit facility estimated at around $100 million.

This means the protocol will draw funds over time and repay them using future trading fees and platform revenue rather than distributing the full amount upfront.

To manage user claims, Drift plans to issue a new recovery token, though its official name and final structure are yet to be confirmed.

This token will be distributed to affected users and will represent their share of the recovery pool.

It is expected to be transferable, allowing users to either hold it and wait for gradual repayments or sell it on secondary markets for immediate liquidity, likely at a discount.

The recovery pool itself will not rely solely on external funding.

It is designed to be continuously replenished through multiple sources, including protocol revenue, partner contributions, and any funds that may be recovered from the attackers.

This creates a system where repayments are tied directly to the platform’s ability to restart operations and generate consistent trading activity.

Despite these measures, there remains a clear shortfall.

With total losses estimated at approximately $285 million and recovery efforts targeting up to $150 million, a large portion of user funds is not immediately covered.

This gap highlights that users are unlikely to be fully reimbursed in the near term, and recovery will depend heavily on Drift’s long-term performance.

To support a relaunch, part of the recovery framework is also focused on restoring liquidity.

Incentives and financial support are being directed toward market makers to rebuild order books and improve trading conditions once the platform resumes full operations.

Without sufficient liquidity, even a technically sound relaunch would struggle to attract users back.

Another major shift is the protocol’s decision to move away from USDC as its primary settlement asset and instead adopt USDT.

This change comes after roughly $230 million of the stolen funds were converted into USDC and moved across chains during the exploit.

The switch signals a reassessment of risk and reflects a broader effort to restructure the platform’s core infrastructure following the incident.

Overall, Drift’s recovery plan is built around gradual restitution rather than immediate payouts.

Its success will depend on how quickly the platform can regain user trust, restore liquidity, and generate enough revenue to sustain long-term repayments.

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Key takeaways 

• Pi Network’s PI token holds steady at $0.1730, up 4.5% from the previous day. 
• The Pi Core Team’s upgrade to enable smart contracts, with a deadline set for April 27, is a potential catalyst. 

Pi Network’s PI token has managed to hold steady around $0.1770 as of Friday, adding a 4.5% gain from the previous day. 

The Pi Core Team (PCT) is driving momentum with the impending upgrade to the mainnet, which will enable smart contract functionality—expected to be a key catalyst for price movement.

PI rallies ahead of the Protocol 22 upgrade

PI is up 4.5% in the last 24 hours, outperforming the broader cryptocurrency market. The rally comes after the Pi Core Team announced that April 27 is the final deadline for all mainnet nodes to complete necessary steps for remaining connected to the network, as part of the Stellar Protocol version 22 upgrade. 

While this upgrade will cause a brief 15-minute downtime during internal data transfer, it lays the groundwork for future improvements. Additionally, the full upgrade to version 26 is slated for June 22, ahead of Pi2Day on June 28.

Will PI rally higher in the near term?

The PI/USD 4-hour chart is bearish and efficient, trading above the $0.1770 level. However, Pi Network remains in a bearish posture, with the token still trading below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs). 

The immediate resistance level is marked at $0.1785, corresponding to the 50-day EMA, followed by stronger resistance at $0.1865 (100-day EMA) and $0.2334 (200-day EMA).

However, momentum indicators present mixed signals. The Relative Strength Index (RSI) at 71 is above the neutral 50 line, and is heading into the overbought region.

The Moving Average Convergence Divergence (MACD) crossing above its signal line indicates growing bullish momentum. 

On the downside, key support is found at $0.1556, near the February 23 low, with further weakness potentially exposing $0.1310 if the market slips below this level.

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• Chiliz price rose more than 13% to above $0.0433.
• Korea’s Naver Pay has onboarded nearly 1 million users to the Chiliz Chain.
• Top European teams with fan tokens have advanced in the UEFA Champions League.

Chiliz (CHZ) rose more than 13% as investor momentum strengthened.

The token’s price moved higher following a new milestone in Asia’s crypto adoption, while renewed excitement around European football also supported gains, pushing CHZ to its highest level this month.

Chiliz Chain gets Korean boost

Chiliz is looking to gain traction in South Korea following a new integration with Naver Pay, the country’s dominant payment gateway.

On Thursday, Chiliz announced that Naver is bringing its 33 million daily active users on-chain via Chiliz Chain, a move aimed at supercharging growth in the SportFi ecosystem.

CHZ’s price action intensified amid UCL semifinal drama.

The token surged by more than 13% intraday, peaking above $0.0433 and emerging as one of the top performers on the day. Gains aligned with a spike in trading volume, which had exploded 262% to over $175 million, as of writing, to signal robust investor enthusiasm.

This rally coincides with Chiliz’s announcement on X that a Fan Token-backed team is assured a UCL final spot.

Notably, Arsenal, Atletico Madrid, and Paris Saint-Germain (PSG) have all advanced to the semifinals, amplifying hype for their Chiliz-powered Fan Tokens.

𝟏𝟎𝟎% 𝐋𝐎𝐂𝐊𝐄𝐃 𝐈𝐍.

A Fan Token team is guaranteed a spot in the final.$AFC $ATM $PSG $CHZ pic.twitter.com/58DbhdHXzH

— Chiliz – The Sports Blockchain (@Chiliz) April 15, 2026

Fan Tokens, which let supporters vote on club decisions and earn rewards, saw heightened trading as fans rallied behind their teams.

Chiliz price outlook

Analysts remain bullish on CHZ ahead of the 2026 World Cup in the United States, Canada, and Mexico, projecting a potential rally as the showpiece event draws closer.

In the short-term, CHZ could climb to $0.06 if Korean onboarding sustains and UCL finals deliver fan token spikes.

However, primary resistance sits at $0.045 and $0.05. On the downside, immediate support is likely at $0.038.

Macro and geopolitical factors could catalyze broader market corrections, which means Chiliz’s price may swing alongside top coins.

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• BNB price hovers near $620 as bulls target a fresh short-term rally.
• The 35th quarterly burn has reduced BNB supply to 134.7 million.
• A shift in macro and geopolitical conditions could bolster BNB and other altcoins.

BNB price traded to highs of $630 on Wednesday, recovering to intraday highs after earlier moves across crypto dented bulls’ plans.

The rejection at the multi-week peak means the Binance Coin’s value is back near the $620 mark, where buyers are looking to pile in as the BNB Foundation reveals its second quarterly burn of 2026 has cut the native token supply to approximately 134.7 million.

Could this supply squeeze help BNB price higher, or are short-term headwinds too strong for bulls?

BNB supply drops amid quarterly burn

According to the BNB Foundation, the 35th quarterly burn has permanently removed 1,569,307.34 BNB tokens valued at $1.02 billion from circulation.

This means the total supply has dropped further, with the metric now at 134,786,916.53 and reinforcing the coin’s deflationary mechanism.

On a bullish note, what this burn does is to advance BNB toward the 100 million token target.

More than 40% of the initial supply has now been eliminated since BNB’s launch, with regular removals introduced in 2021. In January this year, Binance marked the 34th burn, which removed 1.37 million BNB worth $1.29 billion at the time.

Surging on-chain metrics, such as all-time high daily active users and dApp usage, have directly boosted the burn’s scale amid growth in real-world assets, DeFi, gaming, and layer-2 ecosystems.

$16,600,000,000 in tokenized assets on BNB Chain, making it a new ATH.

According to @tokenterminal https://t.co/gFwSsV9Kis

— BNB Chain (@BNBCHAIN) April 9, 2026

BNB price analysis

While BNB exploded in 2025, the past several months have seen the ecosystem token struggle with downside pressure. Controversial headlines and fear, uncertainty, and doubt (FUD) around Binance and its founder, Changpeng Zhao, have contributed to the downtrend since the highs of $1,300.

Notably, the 54% dip from the ATH of $1,370 on October 13, 2025, aligned with overall losses for Bitcoin and Ethereum.

Macroeconomic and geopolitical headwinds have largely capped BTC, with the latest uptick stalling around $76,000.

Currently, BNB price lingers near $620, slightly off highs seen after the burn and in line with Bitcoin’s retest of the $74k level.

Despite this outlook, a double-bottom formation at the $600 support zone points to bullish reversal prospects for BNB. Positive momentum indicators and fresh flows could strengthen this picture.

If Bitcoin rides macro and geopolitical tailwinds to a new year-to-date peak, BNB could test resistance at $800.

The supply zone coincides with the 50-week moving average; breaching it could propel prices to the $1,000-$1,200 hurdle.

However, a close below $600 risks awakening more bears.

If this mirrors a broader crypto downturn, the next support level could be around $530.

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• World Liberty Financial is reshaping WLFI token supply.
• About 4.52 billion insider tokens may be burned if the vote passes.
• WLFI token price stays volatile, driven by governance vote expectations.

World Liberty Financial’s WLFI token has been in the spotlight after a major governance proposal that is expected to reshape the token’s supply structure.

The proposal centres on unlocking 62.28 billion tokens over time while also burning about 4.52 billion tokens tied to insider allocations.

The market reaction has been quick, mixed, and heavily driven by speculation rather than steady trend building.

At the time of writing, WLFI traded around $0.081, slightly higher on the day by about 1%.

However, the broader picture is less stable. Over the past week, the token has dropped more than 10%, and losses extend beyond 20% over the past month.

Despite occasional intraday recoveries, the overall trend still reflects sustained pressure from earlier selloffs.

A major shift in WLFI’s token structure

The core of the current debate is the proposed restructuring of a large portion of WLFI’s supply.

Roughly 62.28 billion tokens that were previously locked will no longer remain in indefinite restriction.

Instead, they would be released gradually over a multi-year period, estimated between four and five years.

This change is important because it replaces uncertainty with a defined timeline.

Investors will no longer have to guess if or when a large amount of tokens might enter circulation at once.

Instead, the release becomes structured and predictable, which reduces the fear of sudden supply shocks.

Alongside this unlock plan is a separate but closely connected mechanism: a burn of approximately 4.52 billion tokens.

This burn is targeted mainly at insider allocations, including team and advisor holdings, and is expected to take effect only if participants accept the new governance terms.

The combination of these two moves creates a balancing effect. On the one hand, more tokens are gradually introduced into the system.

On the other hand, a portion is permanently removed from supply expectations.

This dual approach is designed to ease concerns around dilution while still improving liquidity over time.

Market reaction driven by speculation and vote expectations

The market response to the proposal has been far from calm.

WLFI has seen sharp bursts of trading activity, including sudden volume spikes that suggest short-term speculation rather than long-term positioning.

In one instance, trading activity surged dramatically within a short window, showing how sensitive the token is to governance-related headlines.

Price action has also been closely tied to broader crypto sentiment.

Recent strength in the wider market has provided temporary support, helping WLFI hold small gains even as its medium-term trend remains weak.

Still, these gains have not been strong enough to reverse the overall downward structure that has been in place for weeks.

Whale activity has added another layer of volatility.

Large holders have been seen both selling into strength and accumulating during dips, creating a choppy and unpredictable price environment.

This kind of behaviour is typical when traders are positioning ahead of a major governance decision rather than reacting to long-term fundamentals.

Short-term WLFI token price outlook

In the short term, WLFI’s direction appears tightly linked to the outcome of the ongoing governance vote.

If support around $0.078 holds and the proposal gains approval, WLFI could attempt another move toward the $0.084 area, which has acted as a near-term resistance zone.

This scenario would likely be driven by renewed confidence in the tokenomics restructuring and reduced fear of uncontrolled supply expansion.

However, if the vote fails or sentiment weakens, the downside risk becomes more visible. A break below $0.078 could open the door to a retest of recent lows near $0.072.

In that case, selling pressure could accelerate as traders unwind short-term positions built around the proposal hype.

Beyond short-term volatility, the proposal signals a deeper restructuring of WLFI’s economic model.

By turning previously locked tokens into a structured vesting system, the project is attempting to replace uncertainty with long-term predictability.

The 4.52 billion token burn adds another layer to this strategy, acting as a signal of commitment from insiders while also reducing perceived excess supply pressure.

Combined with a multi-year unlock schedule, the goal is to smooth out future token distribution rather than allowing large, sudden changes in supply dynamics.

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Key takeaways

• PancakeSwap is holding above the key support level at $1.55, hinting at an upside move ahead.
• Rising open interest alongside positive funding rates signals increasing participation.

PancakeSwap (CAKE) is trading in the green above $1.60 on Thursday after finding support around this key level the previous day. Positive derivatives data, along with constructive price action, suggest that CAKE could continue its upward trajectory in the coming days.

Bullish derivatives data pushes CAKE higher

CoinGlass data reveals a sharp increase in the futures’ Open Interest (OI) for PancakeSwap, which rose to $32.48 million on Tuesday and climbed further to $32.28 million on Thursday, the highest level since March 17. 

The steady increase in OI signals that new money is entering the market, which could sustain CAKE’s ongoing price rally.

Additionally, the funding rates are showing a positive shift, further supporting the bullish sentiment. CoinGlass’ OI-Weighted Funding Rate for CAKE turned positive on Wednesday and reads 0.0056% on Thursday. 

This indicates that long positions are paying short positions, further suggesting that the market sentiment remains bullish.

PancakeSwap price forecast: momentum indicators suggest further rally

The CAKE/USDT 4-hour chart is bullish and efficient, as Pancakeswap is trading at $1.60 at press time.

The coin retains a constructive bias, supported by its positioning above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.46 and $1.57, respectively. 

CAKE’s current price action indicates that underlying demand continues to drive the recent advance, despite CAKE remaining below the 200-day EMA at $1.81, which marks the upper boundary of the broader corrective structure.

The Relative Strength Index (RSI) on the daily chart is at 64, suggesting that while the price has firm upside momentum, it could be vulnerable to consolidation as it nears overbought territory. 

The Moving Average Convergence Divergence (MACD) remains positive, reinforcing the bullish short-term outlook.

On the upside, initial resistance is found at the 50% retracement of the latest swing at $1.67, followed by the 61.8% Fibonacci level at $1.78 and a nearby horizontal resistance at $1.79. The 200-day EMA at $1.81 represents a more substantial barrier.

However, if the bears regain control, immediate support lies at the 100-day EMA at $1.57, followed by the 38.2% retracement at $1.55. 

A deeper pullback could test the 50-day EMA at $1.46 and the 23.6% Fibonacci level at $1.40, with stronger structural support emerging near $1.28.

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• Partnership cuts bond settlement time from two days to near real-time.
• Bond settlements will use blockchain to reduce risk and remove intermediaries.
• Impact expands into payments, liquidity, and treasury systems.

Ripple has partnered with Kyobo Life Insurance, one of South Korea’s largest institutional investors, stepping into government bond settlement.

This move signals a shift in how traditional financial infrastructure is being rebuilt.

Instead of relying on legacy systems that take days to complete transactions, the partnership is focused on bringing government bond settlements onto blockchain rails, where transactions can be executed almost instantly.

At the same time, the price of Ripple’s native token XRP is up 4.1% to $1.41 after stalling below $1.38 for a while following the announcement of the partnership.

A move away from slow settlement systems

Government bond markets are among the most important pillars of any financial system. Yet, the infrastructure behind them has remained largely unchanged for decades.

Today, settling bond transactions typically takes two days. This delay, often referred to as T+2, creates several inefficiencies.

Capital remains locked during the waiting period, institutions face counterparty risk, and multiple intermediaries are required to complete a single transaction.

The new system being developed in South Korea aims to remove these bottlenecks.

By tokenising government bonds and settling them on-chain, transactions can move from a two-day process to near real-time execution.

This reduces the need for intermediaries and allows both parties to complete transactions simultaneously, improving trust and transparency.

For large institutional players like Kyobo Life, which manages tens of billions of dollars in assets, even small efficiency gains can translate into significant financial impact.

Building institutional-grade blockchain infrastructure

The backbone of this initiative is Ripple’s custody and settlement technology, designed specifically for regulated financial institutions.

This is not a public, open-ended blockchain experiment. It is a controlled, compliant system built to meet the standards of traditional finance.

Security, auditability, and regulatory alignment are central to its design.

The idea is simple: replicate the functions of existing financial infrastructure, but do it faster, with fewer layers, and with better visibility.

Kyobo Life’s role in the partnership is equally important. As a major institutional investor, it brings real-world scale to the project.

This is not a theoretical use case. It is a live test of how blockchain can support high-value financial instruments in a regulated environment.

The project has already progressed beyond early-stage research.

After initial proof-of-concept work in 2025, it has moved into a test environment, where the system is being evaluated under real-world conditions.

By bringing government bond settlement onto blockchain, Ripple and Kyobo Life are laying the groundwork for a more efficient financial system. One where transactions are faster, risks are lower, and capital moves with fewer constraints.

And if it succeeds, it could reshape not just how bonds are settled in Korea, but how financial markets operate more broadly.

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Key takeaways

• PEPE is up 9% in the last 24 hours, making it one of the best performers among the top 50 cryptocurrencies by market cap.
• The rally comes amid renewed interest from whales and retail investors. 

Pepe (PEPE) has extended its gains by roughly 9% at press time on Thursday, as the broader cryptocurrency market recovers from a risk-off sentiment following truce negotiations between the US and Iran.

With large wallet investors, commonly referred to as whales, reaccumulating PEPE, and retail interest steadily rising, the frog-themed meme coin is gaining traction. 

PEPE rallies as the broader market recovers

The cryptocurrency market’s recovery is sparking a shift toward risk-on sentiment, with traders becoming more optimistic. 

This has led to renewed attention on meme coins, including Pepe. Data from CoinGlass shows that the PEPE futures Open Interest (OI) has surged by 20% in the past 24 hours, reaching $228.67 million. 

This increase suggests that more traders are betting on PEPE’s price to increase in the near term.

Furthermore, large wallet investors holding over 100 million PEPE tokens are steadily rebuilding their positions, signaling a long-term bullish outlook. 

Santiment data reveals that investors with holdings ranging from 100 million to 1 billion PEPE tokens now own 10.64 trillion PEPE, up from 10.59 trillion on February 15. Investors with over 1 billion PEPE tokens now control 3.64 trillion PEPE, up from 3.60 trillion in late February, reinforcing the interest of whales in the asset.

Technical outlook: Can Pepe sustain its rally?

The PEPE/USD 4-hour chart continues to be bearish and inefficient despite rallying above the 50-day Exponential Moving Average (EMA) for the second consecutive day.

PEPE is now trading at $0.000003877, testing the 100-day EMA at $0.00000411, with no clear directional bias. 

A decisive daily candle close above this level could pave the way for further gains, potentially reaching the 200-day EMA at $0.00000550.

The Relative Strength Index (RSI) stands at 62, suggesting moderate momentum with potential room for further upside before entering overbought territory. 

Meanwhile, the Moving Average Convergence Divergence (MACD) shows steady upward movement, supporting the bullish trend.

However, if the bears regain control, PEPE’s key support lies at the 50-day EMA, near the broken trendline, at $0.00000364.

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• Fireblocks integrates Aave into its Earn feature, enabling institutional clients to earn yield on stablecoins.
• Aave founder Stani Kulechov highlights Aave’s resilience amid rising DeFi adoption.
• AAVE price analysis shows bullish positioning, with potential rally as adoption continues.

Aave’s role in decentralized finance has received a major boost as Fireblocks unveils a new platform set to bring stablecoin yield to institutional clients.

The enterprise platform’s new Earn feature now embeds Aave, enabling seamless yield generation on stablecoins for its vast institutional network.

The AAVE token is up more than 5% in the past 24 hours, with bulls testing $105 amid broader gains across the cryptocurrency market.

Why Aave and Fireblocks integration matters

As noted, the enterprise platform Fireblocks has integrated Aave into its new Earn feature.

The platform allows the over 2,400 institutions on Fireblocks to tap into DeFi via Aave-powered yield on their stablecoin balances.

Earn thus allows Fireblocks customers to deploy their idle capital to work, and its traction could add to Aave’s adoption.

The digital asset operations tied to the integration will bolster AAVE.

“Aave has demonstrated resilience, transparency, and security across multiple market cycles, driving increased institutional participation,” said Stani Kulechov, founder of Aave Labs.

“As institutions enter the space, access to deep, reliable liquidity becomes essential. With the Fireblocks Earn integration, institutions can now access Aave’s stablecoin liquidity directly within the familiar Fireblocks platform.”

This move builds on Fireblocks’ handling of over $10 trillion in digital asset transactions and $6 trillion in stablecoin volume last year, representing a 300% year-over-year surge.

Aave’s DeFi liquidity markets are available on Ethereum, Base, Arbitrum, and Optimism.

Aave is now available as the primary yield source for Fireblocks Earn, accessible to all Fireblocks users. https://t.co/7FQtILJttJ

— Stani (@StaniKulechov) April 15, 2026

AAVE price analysis

This integration bolsters Aave’s position as DeFi’s leading lending protocol.

Institutional capital via Fireblocks could drive sustained AAVE appreciation, enhancing liquidity depth and protocol utility.

AAVE’s price surged following the Fireblocks announcement on April 15, 2026, reflecting market enthusiasm for institutional inflows.

While the altcoin mirrored the performance of top coins, the news looks to have emboldened buyers.

The token traded around $105 after bearish pressure reemerged near $110, but the dip in daily volume suggests sellers do not hold the sway.

On the other hand, the technical picture shows bullish signals across key indicators.

The Relative Strength Index (RSI) hovers near 55 on the daily chart. Exiting neutral territory indicates a potential bullish momentum before overbought risks kick in above 70.

The MACD also reveals a histogram expansion amid a bullish crossover pattern.

On the upside, 50-day and 100-day exponential moving averages (EMAs) offer the immediate resistance areas at $106 and $124. A short-term bullish structure would see AAVE surge to $164.

However, downside risks include failure to hold $100, which could allow bears to target $89 and then $80 as primary support levels.

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Key takeaways

• DOGE is down 0.5% and continues to trade below the $0.10 psychological level.
• The coin has been consolidating and could rally higher in the near term. 

Dogecoin (DOGE), the largest meme coin with a market capitalization of $14.27 billion, represents over 0.50% of the $2.49 trillion cryptocurrency market as of Wednesday. 

Dogecoin underperforms despite a disinflationary model

Dogecoin defends its inflationary model, stating that inflation will decrease gradually to 3.1% from 3.6% as the total DOGE supply increases. 

The assumption driving this claim is that demand for the meme coin will remain steady, supported by its robust community that uses DOGE for tipping, institutions launching DOGE-focused Exchange Traded Funds (ETFs), and its growing use in Decentralized Finance (DeFi) services.

While the narrative suggests a stable demand, it may not guarantee sustained positive pressure on DOGE’s price.

While Dogecoin’s fixed issuance model reduces inflation relative to the increasing supply, it does not necessarily reduce the overall supply, as deflation would. The continued minting of 5 billion DOGE per year could become a persistent downside risk, especially during periods of low demand.

Dogecoin’s strategy emphasizes practical usage as a currency rather than hoarding, and it incentivizes miners to secure the network. However, the ongoing supply pressure may limit the effectiveness of this disinflationary model in the long term.

In addition to this, institutional demand for DOgecoin remains muted. Since the launch of DOGE spot ETFs on November 24, there have been just 15 days of inflows, totaling a net asset value of $10.80 million. With 79 days showing no flows and two days with net outflows, institutional interest in DOGE remains limited.

The Dogecoin Treasury currently holds just over 780.54 million DOGE, which represents 0.51% of the total DOGE supply. Gaining further institutional support is key for Dogecoin to progress into the global financial system, providing the demand necessary to support the disinflationary model.

DOGE could rally above $0.10 if the bulls regain control

The DOGE/USD 4-hour chart remains bearish and efficient despite the broader crypto market rallying recently. At press time, DOGE is trading at $0.094 after rejecting at the $0.098 swing high earlier this week.

The RSI of 55 is above the neutral 50, indicating a fading bearish momentum. The MACD lines are also above the zero region, adding further bullish narrative to the pair.

If the bulls regain control, DOGE could surpass the $0.098 swing high and hit the $0.10 psychological level for the first time since March 16.

However, if the bearish correction persists, DOGE could retest the Sunday low of $0.09012 in the near term.

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