NAIROBI (CoinChapter.com)— Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) remain in focus as on-chain data reveals increased whale activity, heightened trading volumes, and notable price fluctuations.
Dogecoin Whales Are On the Move: Is $1 Next?
Dogecoin’s price has remained steady over the past two weeks, but whale activity is on the rise. Santiment data shows that transactions valued between $100,000 and $1 million have surged, with large investors collectively accumulating over 240 million DOGE tokens in December.
Additionally, futures open interest for DOGE reached an all-time high of $4.05 billion in late November, suggesting heightened interest among derivatives traders. While the open interest has cooled slightly to $3.48 billion, the elevated levels indicate strong market participation.
Crypto analyst Mikybull, identified a rising wedge pattern complemented by on-balance volume (OBV) signals, which historically precede upward price movements.
Similarly, Tardigrade’s analysis highlights a double-bottom formation, with a potential parabolic rally above key resistance levels.
Can Shiba Inu (SHIB) Jump 179%?
Shiba Inu has demonstrated mixed performance, declining 5.19% over the past 24 hours but rising 7.8% in the past week. Year-to-date, SHIB has gained an impressive 239.6%. A surge in burn rate—up 486.32% in one day—has reduced circulating supply, potentially laying the groundwork for price appreciation.
Whale activity has also spiked, with a 396.38% increase in large transaction volume worth $245.63 million. The number of daily active addresses has risen by 19.5%, indicating renewed investor interest. However, whale addresses holding over 1 billion SHIB have decreased, suggesting profit-taking by large holders.
Amid this backdrop, crypto analyst Javon Marks forecasts a sharp rally for SHIB, targeting $0.000081—a 179% jump from its current price. Marks highlighted SHIB’s ability to close above key resistance levels as a sign of strength and a precursor to further gains. If buy-side momentum continues, his bullish target could come into play.
Pepe’s Whale Moves and Binance Listing Stir Excitement
Pepe (PEPE) has been turning heads lately, and not just for its quirky mascot. Behind the scenes, whales and major exchanges are making moves that could set the stage for a dramatic rally. Over the past 20 days, a single whale has withdrawn a staggering 337.09 billion PEPE tokens—worth about $6.92 million—from Binance.
PEPE has also performed well on the charts, with a 10.3% weekly gain and a year-to-date return of 1,500%. Currently trading at $0.00002091, it remains 15% below its all-time high of $0.00002457, reached in November. The buzz intensified after Binance.US announced PEPE’s listing, which pushed its price up by 11% and boosted its market cap to $8.8 billion.
Dogecoin, Shiba Inu, and Pepe are capturing the market’s attention with rising whale activity, reduced supplies, and technical setups pointing to potential rallies.
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