Dogecoin Whale Moves & SOMI Perpetual Futures What’s Next?

[tobiluxy]

Lately, we have seen Dogecoin (DOGE) making waves again. A huge whale transfer to CEX platform raised fears of sell pressure, yet at the same time, other whales were accumulating hundreds of millions of DOGE. Technical signals are mixed some indicators suggest a rebound, while others warn of potential downside if key support breaks.

On another note, $SOMI just moved into perpetual futures trading on BingX. For those unfamiliar, perpetual futures don’t have an expiry date, meaning traders can take positions in both bullish and bearish markets. This upgrade gives more flexibility compared to pre-launch or spot trading.

I find the contrast interesting: DOGE shows how speculative flows drive volatility, while SOMI highlights how exchanges keep expanding product offerings.

What do you all think? Are perpetual futures becoming a better tool for navigating volatility compared to spot or pre-launch trading?

Looking forward to hearing different perspectives.