Dogecoin whales invest $17.5 million in DOGE and its competitor meme coin
Dogecoin enthusiasts are in for a surprise as Dogecoin whales have decided to invest a whopping $17.5 million in DOGE during a presale phase, showing their confidence in the popular meme coin. Joining the league is FloppyPepe (FPPE), a new meme coin rival that has caught the attention of these whales. The significant investment in both assets signals a shifting sentiment in the market.
In an unexpected move, Dogecoin whales are diversifying their investments by also showing interest in FloppyPepe (FPPE), a promising meme coin that has the potential to disrupt the market. With such substantial investments from these influential investors, many in the crypto community are closely monitoring the situation, hoping for a potential rally in meme coins.
During the recent accumulation phase, Dogecoin whales acquired approximately 100 million DOGE, amounting to $17.5 million in total purchases. Despite this substantial buying activity, retail spot traders also made their mark by purchasing $46.63 million worth of DOGE during the same period. This indicates that the interest in Dogecoin (DOGE) extends beyond institutional investors, reaching smaller traders as well.
The surge in buying coincided with a meeting of the DOGE development team, where Elon Musk reiterated his support for Dogecoin, stating its longevity in the market. Additionally, a renowned analyst, Tardigrade, shared a positive price chart suggesting that Dogecoin (DOGE) might be on the brink of a significant price move. With both whales and retail traders showing confidence in the meme coin, the stage seems set for a possible upward trajectory.
Apart from Dogecoin, Dogecoin whales are showing a keen interest in FloppyPepe (FPPE), a new meme coin that is gaining traction in the market. Despite not being listed yet, the presale of FloppyPepe has managed to attract millions from these investors. The allure of this new meme coin lies in its innovative floppynomics model, designed to maintain stability and value over time.
FloppyPepe (FPPE) boasts unique features such as FloppyX, an AI-powered tool for creating video memes, and Meme-o-Matic bot for instant meme generation. The project’s emphasis on transparency is also a key attraction for investors, with its smart contract fully audited by Solidproof. An exclusive promotion offering an 80% bonus on token purchases with the code FLOPPY80 has piqued the interest of many potential buyers.
Early indicators suggest that both Dogecoin (DOGE) and FloppyPepe (FPPE) are becoming top favorites among whales. With the history of meme coins delivering substantial returns, investors believe that the potential for growth lies in these two tokens. The accumulating interest from whales often precedes significant market movements, hinting at a possible surge in Dogecoin and FloppyPepe in the near future.
