{"id":43084,"date":"2025-08-20T07:16:49","date_gmt":"2025-08-20T07:16:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43084"},"modified":"2025-08-20T07:16:49","modified_gmt":"2025-08-20T07:16:49","slug":"qubics-51-attack-plans-trigger-doge-crash-futures-open-interest-drops-8","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43084","title":{"rendered":"Qubic\u2019s 51% Attack Plans Trigger DOGE Crash, Futures Open Interest Drops 8%"},"content":{"rendered":"<div>\n<p>Dogecoin tumbled sharply on Tuesday after the Qubic blockchain community voted to target DOGE for a potential 51% attack, days after it claimed responsibility for compromising Monero\u2019s network. Security fears collided with broad crypto weakness, pushing DOGE into heavy sell pressure despite continued whale accumulation.<\/p>\n<h2>News Background<\/h2>\n<p>\u2022 Qubic\u2019s governance forum approved a proposal to direct hashpower toward Dogecoin, raising the possibility of a coordinated 51% attack. The group recently executed a similar move against Monero, successfully disrupting block validation.<br \/>\u2022 The news fueled jitters across the Dogecoin community, with traders pricing in heightened security risks.<br \/>\u2022 At the same time, whales accumulated 680 million DOGE in August, showing long-term interest despite the threat.<br \/>\u2022 Derivatives positioning weakened, with DOGE futures open interest sliding 8%, signaling declining confidence in near-term upside.<\/p>\n<h2>Price Action Summary<\/h2>\n<p>\u2022 DOGE dropped 5% in the 24-hour period from August 19 06:00 to August 20 05:00, falling from $0.22 to $0.21.<br \/>\u2022 The heaviest selling occurred between 13:00-15:00 UTC on August 19, when DOGE crashed from $0.22 to $0.21 amid 916 million tokens traded \u2014 double the 24-hour average.<br \/>\u2022 $0.22 emerged as a strong resistance zone after repeated rejections, while $0.21 acted as a key support level into the close.<br \/>\u2022 Overnight action was range-bound, with DOGE oscillating between $0.2120-$0.2130 before closing at $0.2124.<\/p>\n<h2>Technical Analysis<\/h2>\n<p>\u2022 Resistance: $0.22 confirmed as heavy supply zone with high-volume rejection.<br \/>\u2022 Support: $0.21 holding as a psychological floor, with risk of a $0.208 retest if selling persists.<br \/>\u2022 Volume: 916 million traded, up 100% over baseline, reflecting panic selling.<br \/>\u2022 Structure: Range-bound consolidation between $0.2120-$0.2130 in late hours shows uncertainty rather than recovery momentum.<br \/>\u2022 Futures: Open interest fell 8%, suggesting leverage longs are unwinding.<\/p>\n<h2>What Traders Are Watching<\/h2>\n<p>\u2022 Whether Qubic follows through on its DOGE attack plan after Monero disruption.<br \/>\u2022 Whale accumulation versus retail capitulation \u2014 will large players defend $0.21 support?<br \/>\u2022 Market reaction to continued declines in derivatives open interest.<br \/>\u2022 A decisive move above $0.22 or below $0.21 to set next directional bias.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin tumbled sharply on Tuesday after the Qubic blockchain community voted to target DOGE for a potential 51% attack, days after it claimed responsibility for compromising Monero\u2019s network. Security fears collided with broad crypto weakness, pushing DOGE into heavy sell pressure despite continued whale accumulation. News Background \u2022 Qubic\u2019s governance forum approved a proposal to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43084","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43084"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43084\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}