Whale memecoin shifts to new token after cutting losses

After struggling with Dogecoin (DOGE) due to a sharp decline, whale investors are reallocating funds to a new project called CatSlap ($SLAP). Recently, Dogecoin has experienced significant volatility, dropping to around $0.41, down 2% in the last 24 hours and 5% over the week. Investors have begun to abandon DOGE in search of new opportunities in other emerging meme coins, specifically here in CatSlap, which saw a 2,600% increase in just two days after its launch.

CatSlap is currently attracting market attention with a market capitalization of $14 million and unique features such as staking with an attractive APY of up to 40%. Besides CatSlap, whale investors have also made significant investments in other tokens, showing a strategic shift in the context of a highly volatile market. These moves not only demonstrate liquidity but could also significantly impact the price volatility of new tokens in the market.