$Amidst the crypto bloodbath that pulled Bitcoin down below $60,000, meme coins are showing signs of recovery. While BTC and ETH hasn’t exhibited major recovery signs, dogwifhat (WIF) and Floki Inu (FLOKI) are showing positive rally.

dogwifhat (WIF) Surges 22.52% Amid Whale Activity

dogwifhat (WIF) has experienced a major uptick, rising 22.52% in the past 24 hours to reach $1.87. A part of the rise in price can be attributed to the increased whale activity.

Lookonchain has reported notable whale activity in WIF:

A whale who previously lost $4.63 million on WIF has re-entered the market, spending 3.77 million USDT to acquire 2.06 million WIF at an average price of $1.83. This move, buying at a higher price after selling low, highlights the FOMO (fear of missing out) sentiment currently surrounding WIF.

Another early WIF investor has increased their position, purchasing an additional 938,434 WIF (worth $1.6 million) just four hours ago. This investor, who initially bought 3.58 million WIF for only $21,000 in December 2023, now holds 3.97 million WIF valued at approximately $7.3 million.

Crypto analyst VikingXBT suggests that if the recent market bottom is confirmed and the current price action is merely a deviation, the setup for WIF looks “super good.” This technical perspective adds to the bullish sentiment surrounding the token.

 Floki Inu (FLOKI) Gains 12.15% as Bulls Defend Support

Floki Inu (FLOKI) has also joined the meme coin recovery, posting a 12.15% gain in the last 24 hours to reach $0.0001721. This upward movement comes as the token holds crucial support levels.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get early.