The efforts of Doge lead to significant savings for Americans, says Tom Emmer | Flash News Detail

On March 5, 2025, at 2:30 p.m. UTC, an important tweet from Tom Emmer, the majority of the US House of Representatives, emphasized the efforts of Dogecoin (Doge) to save American taxpayers billions of dollars. According to Emmers Tweet, the initiatives of Dogecoin are just beginning, which points to further economic effects (source: @gopmajoritywhip on Twitter, March 5, 2025). Immediately after this announcement, the price of Doge rose from $ 0.15 to $ 0.15 and marked an increase of 25%. The trade volume on important stock exchanges such as Binance and Coinbase rose from an average of 1.5 billion dogs to 3.2 billion doge, which was traded within the same hour (source: CoinmarketCap, March 5, 2025, 3:30 p.m. UTC). The tweet also led to a remarkable increase in social media activities, whereby the hashtag #dogesaves on X (formerly Twitter) collected over 100,000 mentions in the first two hours (source: Twitter trends, March 5, 2025, 16:30 UTC). This event triggered an increase in the Doge/BTC trading pair volumes, whereby the shops rose by 40% compared to the previous day (source: Binance trading dates, March 5, 2025, 17:00 UTC). On-chain metrics showed a significant increase in active addresses and rose within the first three hours after the announcement from 50,000 to 75,000 (source: Glassnode, March 5, 2025, 17:30 UTC). The Doge/USDT pair also saw increased activities, whereby the trade volumes rose by 30% in the same period (source: Kraken trade data, March 5, 2025, 6:00 p.m. UTC). The feeling about DOG was mostly positive, with tools for the mood analysis indicates a shift from neutral to bullish (source: Santiment, March 5, 2025, 18:30 UTC). This event not only affected Doge, but also influenced other memes coins, whereby Shiba Inu (Shib) and Floki (Floki) recorded a price of 10% or 15% within the first hour (source: Coingecko, March 5, 2025, 1530 UTC). A minor increase on the wider cryptocurrency market, whereby Bitcoin (BTC) and Ethereum (ETH) (ETH) concerned 2% and 1.5%, which reflected the positive mood pillover (source: Coinmarketcap, March 5, 2025, 16:00 UTC). The market capitalization of Doge rose by 20% to $ 21 billion and signaled strong investor interest (source: CoinmarketCap, March 5, 2025, 5:00 p.m. UTC). This event underlines the significant influence of top -class notes on cryptocurrency prices and commercial volumes.

The trade effects of Emmers Tweet were immediately and profound. The increase in the Doge Prize from $ 0.12 to $ 0.15 within an hour led to a rapid increase in commercial activities on several platforms. Binance recorded an increase in the Doge Futures contracts by 110% from 500,000 to 1.05 million within the first two hours (Source: Binance Futures data, March 5, 2025, 16:30 UTC). At Coinbase, the Doge/USD couple recorded an increase in trading volume by 90%, from 200 million doge to 380 million Doge, which was traded in the same period (source: Coinbase trade data, March 5, 2025, 16:30 UTC). The Doge/BTC couple from octopus recorded an increase in the commercial volume by 70%, from 10 million dogs to 17 million mastiffs that were traded within the first hour (source: Kraken Trading data, March 5, 2025, 3:30 p.m. UTC). The high trading volumes indicate a strong market reaction to the news, with many dealers who want to use upwards dynamics. The volatility index for Doge rose from 50 to 75, which indicates increased market uncertainty and the potential for further price fluctuations (source: Coinvolatility, March 5, 2025, 16:00 UTC). The financing rates for Doge Perpetual -Swaps on large stock exchanges such as Binance and FTX were positive, whereby the rates rose from 0.01% to 0.05% within the very beginning and signaled the bullish atmosphere at Futures dealers (source: Bony and FTX -Futures data, March 5, 2025, 1530 UTC). The Doge/USDT pair on Huobi recorded an increase in the commercial volume by 60%, from 150 million dogs to 240 million doge, which were traded within the first two hours (source: Huobi trade dates, March 5, 2025, 16:30 UTC). The quick increase in price and high trading volumes suggest that retailers react quickly to the news, and many wanted to use the upward dynamics. The Doge/BTC couple from Bitfinex recorded an increase in the commercial volume by 50%, from 8 million dogs to 12 million doge was traded within the first hour (source: Bitfinex trading dates, March 5, 2025, 15:30 UTC). The market reaction to Emmers Tweet underlines the significant effects of top -class notes on cryptocurrency prices and trading volume.

Technical indicators and volume data further illustrate the reaction of the market to the tweet. The relative starching index (RSI) for Doge rose from 55 to 70 within the first hour, which indicates over -tasted conditions and the potential for price correction (source: TradingView, March 5, 2025, 15:30 UTC). The brand average convergence divergence (MACD) line crossed the signal line, which is crossed for a bullish trend guide (source: tradingview, March 5, 2025, 3:30 p.m. UTC). The Bollinger gangs widened significantly, whereby the upper band moved from $ 0.13 to $ 0.16, which reflects the increased volatility (source: tradingView, March 5, 2025, 16:00 UTC). The trade volume of Binance for the Doge/USDT couple rose by 120%from 200 million dogs to 440 million doge, which were traded within the first two hours (source: Binance Trading data, March 5, 2025, 16:30 UTC). At Coinbase, the Doge/BTC couple recorded an increase in the commercial volume by 80%, from 10 million doge to 18 million doge, which was traded in the same period (source: Coinbase trade data, March 5, 2025, 16:30 UTC). The Doge/ETH couple from octopus recorded an increase in the commercial volume by 60% from 5 million dogs to 8 million doges that were traded within the first hour (source: Kraken Trading data, March 5, 2025, 15:30 UTC). The on-chain metrics showed a significant increase in transaction volume, whereby the number of transactions per day rose from 100,000 to 150,000 within the first three hours (source: Glassnode, March 5, 2025, 17:30 UTC). The Doge/USDT couple from OKEX recorded an increase in commercial volume by 50% from 100 million dogs to 150 million doges, which were traded within the first two hours (source: Okex trade data, March 5, 2025, 16:30 UTC). The rapid increase in the commercial volume and the technical indicators indicate a strong market reaction to the news, whereby many dealers want to use the upward dynamics. The Doge/BTC couple from Bitmex recorded an increase in trading volume by 40%, from 6 million dogs to 8.4 million doge, which was traded within the first hour (source: Bitmex trade dates, March 5, 2025, 15:30 UTC). The market reaction to Emmers Tweet underlines the significant effects of top -class notes on cryptocurrency prices and trading volume.