Short sellers in DOGE learned on November 5 how fast a quiet meme coin can turn on a crowded bet. Shorts made up about 85% of the $2.86 million in DOGE futures closed by force as the coin rose close to 4%.
Yet DOGE has since slipped back to $0.0759. That leaves the dogecoin news this week with one open question: was the squeeze the start of a turn, or one more bounce inside a falling channel?
Below that squeeze sits Pepeto, a presale meme coin building an AI scanner that checks a token before anyone buys it, and its presale has passed $11.2 million.
Dogecoin News: Shorts Took 85% of DOGE’s $2.86M Forced Closes
DOGE’s main event on November 5 was a squeeze on short sellers, who took most of the forced futures closes as the coin rose toward $0.077. The price has since slipped under $0.0764, and a daily close below that line points to $0.072, about 5% lower.
On the daily chart, a trader sees a MACD crossover forming below zero, and the histogram has turned positive. A close above $0.082, about 8% higher, would open the way to $0.088.
However, DOGE is worth about $11.9 billion, so that 8% climb needs roughly $1 billion of fresh demand. The 8% is identical whether $1,000 or $1 million goes in.
What this means is that the dogecoin news this week offers holders a recovery in single digits, while DOGE’s life changing gains went to wallets that bought it as an unknown joke. Pepeto offers that unknown stage again, as a new meme coin whose cofounder made Pepe and whose crowd is still forming.
Pepeto’s $11.2 Million Presale Builds an AI Check for Meme Buyers
A short squeeze pays the trader who reads the chart right, but a trap hidden in a new token’s contract can still take his money. Pepeto, an AI powered meme coin, has drawn more than $11.2 million to build the check that finds that trap first.
Its scanner runs 42 detectors over a contract, simulates a buy and a sell on a copy of the chain and returns a score from 0 to 100. A sample token scored 6 and failed its sell test, so a $1,075 order into it is blocked by default. The scanner is in development, with testing access handed privately to community members and big investors.
PepetoSwap, with a 0.00% swap fee, and a bridge that moves tokens over five chains for $0 are being built beside it. The code passed a SolidProof audit, and a former Binance expert sits on the dev team.
A trader who avoids one bad contract comes back for the next check, stakers earn 160% APY while they hold, and every check runs through the platform the token powers. That demand meets a supply fixed at 420 trillion, sold today at $0.0000001905, a stage price no exchange has set.
DOGE drew its crowd years before its price peaked. Pepeto starts with a cofounder who already built a hit meme coin, plus AI tools, at a stage price that rises before the approaching Binance listing.
Conclusion
DOGE’s squeeze is today’s news, and it shows meme coins still move hard when the crowd turns. On November 5, 2020, DOGE traded near $0.0026, and on May 8, 2021 it reached $0.7376, so a $1,000 order placed then became about $283,000.
Building an AI check between meme buyers and bad contracts is rare in a presale, and Pepeto does it from a base of $11.2 million, a small fraction of DOGE’s $11.9 billion.
Anyone who searched dogecoin news today found a large coin fighting for 8%, and that search ends at the stage DOGE’s 2020 wallets held while nobody watched. Pepeto’s entry has an exchange in development behind it, and its price rises each stage until the Binance debut.