Meme coin whale accumulation is intensifying this week. Large investors are buying Dogecoin (DOGE), PEPE, and USELESS, defying the sector’s bearish trend. Data from Santiment and Nansen reveal million-dollar movements as the general meme market falls.
Dogecoin shows the most notable activity. Wallets holding over one billion DOGE have added 1.59 billion tokens since mid-October. This equates to about $302 million. Another group (10M-100M DOGE) added 210 million tokens ($40 million). This massive purchase is happening while DOGE trades near $0.19, down 4% daily.
In PEPE’s case, the activity is more recent. Santiment data indicates that whales increased their holdings by 0.22 trillion PEPE since October 21. Although it is a smaller sum ($1.5 million), it shows buying interest near key support.
This whale activity contrasts sharply with market sentiment. The meme coin sector has fallen 6.8% in the last week. Generally, large investors buying during downturns (DOGE, PEPE) anticipate a rebound. The crypto market watches these movements as indicators of a potential local bottom.
Is USELESS the Hidden Gem Whales Are Anticipating?
Unlike the other two, USELESS is not declining. The token has risen 82% in the last 30 days. Here, whales are not buying the dip, but the strength. The top 100 wallets increased their collective balance by 7.9%, according to Nansen. This adds up to nearly $13.2 million, suggesting confidence that the uptrend will continue.
For Dogecoin, technical analysis shows a potential bullish breakout. If it surpasses the $0.24 resistance, targets could be set at $0.26 and $0.30. For PEPE, holding the $0.0000063 support is vital. If it succeeds, a 40% rebound toward $0.0000097 is possible.
The meme coin whale accumulation sends a mixed but optimistic signal. While panic dominates the short term, large capital is betting on rebounds (DOGE, PEPE) or the continuation of strength (USELESS). The behavior of these assets in the coming days will be key to confirming if the whales were right in their strategy. The digital economy continues to show complex dynamics.
