Dogecoin on the Rise

• Dogecoin (DOGE) recently experienced a 30% surge in price due to Twitter and Elon Musk’s attention.
• Crypto entrepreneur David Gokhshtein announced he was changing his name to “David Dogestein”.
• A major whale sold 650 million DOGE for $109 million, causing a market correction as the coin reached its resistance level of $0.10.

Dogecoin Surges with Attention from Twitter and Musk

Dogecoin (DOGE), the top dog memecoin, is back in the limelight after its wild bull run that started when fast food giant Burger King proclaimed “We need DOGE” on Twitter, followed by Elon Musk’s stunt which caused a 30% spike in price. The coin is currently trading in a symmetrical triangle formation, but has faced rejection at the $0.10 resistance level.

David Gokhshtein Set for Name Change

Crypto media personality and owner of Gokhshtein Media David Gokhshtein announced he would be changing his name to better reflect his interests – specifically his loyalty to dog-themed memecoins – by taking on the name “David Dogestein”. This announcement was met with jokes among crypto enthusiasts and alternative suggestions including “Dogeid Dogestein”, “David Memeshtein”, or “David Shibashtein”.

Massive Whale Sells $109 Million Worth of DOGE

The 5th largest Dogecoin whale sold 650 million coins at the peak of the recent bull run sparked by Musk’s stunt for a total of $109 million split between two transactions – one worth $61.3 million, and another worth $48.2 million. Following this move, DOGE has been experiencing healthy correction according to CoinGecko data showing it trading around $0.096253 with 2.5% downtrend in 24 hours as it approaches its upper trend line on an ascending triangle formation without breaking through it yet.

Conclusion

Overall, Dogecoin is proving itself worthy of attention from major players such as Burger King, Elon Musk and now David Gokshstein who will be going by „David Dogestein“. Despite some corrections due to large whales selling their tokens off after huge profits were made, Dogecoin still stands strong and continues trading above its resistance level despite facing rejection there before, indicating potential growth ahead for those invested in this meme-based currency!