Whales Are Making Memecoins Great Again! 🐳💰

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  • Hold onto your hats, folks! The memecoin market is evolving faster than a rabid raccoon on roller skates!
  • Could this redefine the memecoin landscape, or is it just a bunch of hot air? 🤔

Twice this year, the memecoin market cap skyrocketed to a whopping $116 billion! That’s enough to make even Scrooge McDuck do a double take! But now, with the market cooling off by 13%, the excitement is like a soggy sponge – still there, but not quite as thrilling. 🥱

But wait! A few brave little coins are still defying gravity! They’ve got more than just “hype” – they’ve got the kind of charm that could make a cat meme blush! 😻

Whales Are Playing Chess While We’re Playing Checkers!

The memecoin market is booming like a popcorn machine at a movie marathon, with over a thousand coins promising to make you rich faster than you can say “get-rich-quick scheme!” 🍿💸

Since DOGE strutted onto the scene in 2013, the number of these tokens has exploded like a bad science experiment. Celebrity-backed memes are making headlines, and everyone’s eager to jump in like it’s a kiddie pool on a hot summer day! 🌞

But let’s not kid ourselves – the real power still lies with the “saviors” or “accumulators” – the Whales! They’re the ones who can make or break a coin faster than you can say “to the moon!” 🚀

AMBCrypto has pointed out a major shift: For OG memecoins, the percentage of wallets holding 50% or more of the tokens has dropped like a bad habit. Take Dogwifhat (WIF) – only 1.18% of wallets hold over $50K worth of WIF. Talk about a party with no guests! 🎉

Meanwhile, SPX6900 is leading the charge, with 53.55% of its wallets holding $50K or more in SPX tokens. It’s like the cool kid in school who always has the best snacks! 🍭

These fresh players, many of which are younger than your average toddler, are shaking things up like a maraca at a salsa party! 💃

Despite the recent market slowdown, coins like GIGA, PENGU, SPX6900, FARTCOIN, and TRUMP are riding high, staying firmly in the green. They’re like the little engine that could – chugging along while the rest of the market takes a nap! 😴

This perfectly aligns with the whale strategy. Whales are making calculated moves, pumping capital into coins that are either new or have strong celebrity backing, like a Hollywood blockbuster! 🎬

So, Should OG Memecoins Hang Up Their Capes?

It’s a fair question! The top 5 OG memecoins, based on market cap, are still far from hitting their “highly anticipated” targets. It’s like waiting for a sequel that never comes! 📽️

Take DOGE, for example – it has yet to break the $1 mark. Meanwhile, newer coins like FARTCOIN have surged by a staggering 1900%, breaking the $1 barrier faster than a kid on Christmas morning! 🎄

Why the difference? Newer memecoins are capitalizing on what OGs lack – strong tokenomics! It’s like comparing a gourmet meal to a soggy sandwich! 🥪

It all comes down to strategy. While SHIB has a whopping 589.25 trillion coins in supply, FARTCOIN has a capped total supply of just 1 billion. It’s like having a buffet versus a fancy restaurant – one’s a free-for-all, and the other’s a fine dining experience! 🍽️

Realistic or not, here’s DOGE’s market cap in BTC’s terms: Limited supply plus high demand is a recipe for price

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2025-01-27 11:07