đ Whales Continue to Accumulate SHIB as Market Conditions Favor Meme Coins:
Whales are adding Shiba Inu (SHIB) to their portfolios, signaling confidence in the meme coin despite market fluctuations. SHIB is showing resilience with a 5.9% increase this week, and the whale activity suggests further upward momentum. đ„
Whales are accumulating SHIB, and market conditions are favoring meme coins. This surge is largely driven by the growing popularity of new meme tokens like DOGEN, which is expected to grow 700% by the end of its presale.
Meme Coins on the Rise
Other meme coins like PEPE, a deflationary memecoin inspired by Pepe the Frog, and Dogecoin, which started as a joke in 2013, are also gaining traction. However, it's worth noting that some analysts believe PEPE and DOGE show less potential in the short term compared to DOGEN.
Whale Activity
A Shiba Inu whale who cashed out near all-time highs is now aggressively accumulating MoonTaurus (MNTR), a new meme coin ÂČ. This development has sparked interest in the crypto community, especially among those watching whale activity.
Market Sentiment
The current market sentiment is bullish, with some experts predicting a significant surge in meme coins Âł. However, it's essential to do your own research and consider multiple sources before making investment decisions.
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