Meme Coins See Weekend Mini Breakouts As Whales Stir Market Activity

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Meme coins are quietly gaining momentum this weekend, with tokens like Dogecoin, Pepe, Dogwifhat, and Bonk experiencing mini breakouts. Larger wallets, or “whales,” appear to be driving market caps higher, potentially sustaining the trend until retail investors succumb to FOMO (fear of missing out). Historically, such scenarios often lead to a market retrace as whales sell off their holdings once retail demand peaks. https://twitter.com/santimentfeed/status/1865621956399153273?t=xGmiwHJK3yJguI-JZg-VAw&s=19 Since March 2024, a specific group of six trading bands has collectively secured profits of $930,000 from this strategy. One prominent address has become known for its well-timed trades, capitalizing on market dips and rebounds. The

The post Meme Coins See Weekend Mini Breakouts As Whales Stir Market Activity appeared first on The Merkle News.

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