XRP millionaires rise as SHIB compresses into triangle; DOGE futures spike 10,782%
XRP wallets holding at least 1 million tokens increased by 42 — the first net gain since September — even as XRP price slipped about 4% year-to-date in 2026, suggesting renewed accumulation by large holders. Shiba Inu (SHIB) price action has tightened into a symmetrical triangle after a prolonged downtrend, indicating compressed volatility and a likely imminent breakout; buyers are stepping in earlier and lows are gradually rising, implying seller fatigue rather than pure continuation selling. Dogecoin (DOGE) pulled back after a recent high of $0.127 as traders took profits; on-chain metrics are weak across hourly, daily and weekly frames. However, BitMEX futures volume for DOGE surged 10,782% to $200.98M in 24 hours, and roughly $509M of crypto futures were liquidated across markets (a 57% increase in 24 hours), largely hitting long positions. Key takeaways for traders: rising large XRP wallets point to accumulation that may underpin price strength if macro conditions improve; SHIB’s symmetrical triangle requires watching for a decisive breakout or breakdown with stop placement near converging trendlines; DOGE’s spike in futures volume and recent liquidations signal elevated leverage risk and potential volatility — manage position sizing and watch funding rates and open interest for clues on short-term direction.
Neutral
The news presents mixed signals across assets. XRP shows accumulation by large wallets (42 new million-XRP holders), which is a bullish structural sign if buying continues — historically such accumulation can precede price rallies. However, XRP’s price remains under short-term pressure (≈4% YTD decline), so immediate bullish follow-through is not guaranteed and depends on macro liquidity and broader market momentum. SHIB’s formation — a symmetrical triangle after a downtrend — signals compressed volatility and an imminent directional move; this is neutral until the breakout direction is confirmed. DOGE presents near-term bearish risk: on-chain metrics are weak and price pulled back from $0.127, while an enormous (10,782%) spike in BitMEX futures volume and large liquidations (~$509M across markets) point to crowded leveraged longs and heightened volatility. For traders: expect elevated short-term volatility (especially for DOGE), require tighter risk management and watch confirmation of SHIB breakout and additional whale accumulation in XRP before taking directional bias. In sum, structural bullish (XRP accumulation) + setup awaiting confirmation (SHIB) + elevated risk and potential short-term downside (DOGE) combine to a neutral market implication overall.