- 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, Poodlana’s price has surged by an impressive 148.75% from its presale stage to its price after the exchange listing, a reflection of both strategic market moves and growing investor interest.
Poodlana first captured attention with a highly successful $8 million presale, which set the stage for its subsequent listings on Raydium, MEXC, and Uniswap. These listings were not just about increasing liquidity; they were part of a broader market entry strategy designed to capitalize on the buzz generated during the presale.
With no vesting periods or lockups, early investors had the freedom to trade their tokens immediately, leading to significant buying pressure as the token transitioned to public markets.
The excitement surrounding Poodlana has been further amplified by persistent rumours of a potential Binance listing. Historically, new listings on Binance often result in significant price increase, making the possibility of such a listing a major point of speculation.
In addition, Poodlana’s association with Solana, a blockchain known for its speed and scalability, adds another layer of potential. Solana-based meme coins have seen dramatic price increases in the past, with some tokens appreciating by over 1,000%.
The future of DOGE and POODL
While both Dogecoin and Poodlana have shown strong performance, they cater to slightly different segments of the meme coin market.
Dogecoin, with its established community and broad recognition, continues to attract significant attention from both retail investors and whales. The recent surge in whale activity suggests that large holders are positioning themselves for potential gains, possibly anticipating further price increases driven by market sentiment or broader adoption.
On the other hand, Poodlana’s is unique poodle-themed branding and high-fashion aesthetic appeal to a niche and growing audience and the strategic decision to align with Solana could prove to be a masterstroke, given the blockchain’s reputation for speed and scalability.
Both Dogecoin and Poodlana are poised for potentially significant gains in the near future. Dogecoin’s whale activity and reduced selling pressure could lead to further price appreciation, while Poodlana’s rapid rise and strategic market positioning make it a token to watch closely.
Investors and enthusiasts should keep a close eye on both, as the meme coin market continues to evolve at a rapid pace.
If specifically interested in Poodlana (POODL), it is currently listed on MEXC, Raydium, and Uniswap and you could also visit its official website for more information about it.
The post Dogecoin whale inflow surge by 118% as Poodlana gains 148% in a month appeared first on CoinJournal.
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