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Whales target new memecoins: Is it hype, or are OGs losing their edge?

Twice this year, the memecoin market cap surged to $116 billion, capturing the attention of risk-hungry investors. Now, with the market 13% off those highs, the excitement has cooled – but not entirely.

A few standout performers continue to defy the trend. Interestingly, these coins have more than just the “hype” working out for them. 

Whales adopt a more strategic approach
The memecoin market is booming with over a thousand coins, all promising quick gains.
Since DOGE first launched in 2013, the number of these tokens has only exploded, with celebrity-backed memes making headlines along the way.

Clearly, everyone’s eager to jump in, but the real power still lies with the “saviors” or “accumulators” – the Whales, who continue to dominate the game. Nothing illustrates this better than the chart below.
https://ambcrypto.com/whales-target-new-memecoins-is-it-hype-or-are-ogs-losing-their-edge/