- Dogecoin (DOGE) net flow into whale wallets has surged by 118%, signalling bullish momentum.
- Poodlana’s price has jumped 148.75% in 30 days, fueled by strategic market moves.
- Both coins show strong growth potential, with DOGE and POODL gaining investor interest.
In a dynamic week for meme coins, Dogecoin (DOGE) and Poodlana (POODL) have captured significant attention in the cryptocurrency market.
DOGE has seen a remarkable 118% increase in net flow into large holders’ wallets, signalling strong bullish activity, while Poodlana recorded a 148.75% price increase over the past month, reflecting growing investor interest and strategic market positioning.
Dogecoin (DOGE) whale activity signals bullish momentum
Dogecoin (DOGE), the original meme cryptocurrency, has always been a favourite among retail investors and crypto enthusiasts.
However, recent developments suggest that larger players, or “whales,” are also making significant moves.
According to data from IntoTheBlock, the net flow of DOGE into the wallets of large holders surged by an astounding 118%, rising from 67.85 million to 148.36 million tokens. This influx is equivalent to $14.84 million, a considerable sum that underscores the growing confidence among these large investors.
The net flow metric is crucial in understanding market sentiment, particularly among whales who hold more than 0.1% of the total DOGE supply.
A spike in net flow typically indicates that these large holders are accumulating more tokens, which often precedes a price increase. Indeed, this recent surge in net flow was followed by a modest 1.5% increase in DOGE’s price, bringing it to $0.1015.
Interestingly, the real driver behind this bullish momentum seems to be a decrease in outflows rather than a substantial increase in inflows. Outflows from whale wallets dropped by 45.9%, down to 111.41 million tokens, while inflows only saw a minor decrease of 5.13%, remaining at 259.77 million DOGE tokens.
This reduction in selling pressure could be a sign that whales are holding onto their DOGE, anticipating a more significant price movement in the near future.
Poodlana’s meteoric rise as POODL sees 148.75% surge in 30 Days
While Dogecoin has been making waves with its whale activity, Poodlana (POODL), a newer entrant in the meme coin space, has been quietly gaining momentum.
Over the past 30 days,…