Dogecoin (DOGE) net inflows into whale wallets surged 118%, showing bullish momentum. POODLana price has risen 148.75% in 30 days, driven by strategic market moves. Both coins show great growth potential, with DOGE and POODL garnering investor interest.
In what has been a dynamic week for meme coins, Dogecoin (DOGE) and Poodlana (POODL) have garnered a lot of attention in the cryptocurrency market.
DOGE has seen a staggering 118% increase in net inflows into large holder wallets, signaling strong bullish momentum, while Poodlana has recorded a 148.75% price increase over the past month, reflecting growing investor interest and strategic market positioning.
Dogecoin (DOGE) Whale Activity Suggests Bullish Momentum
Dogecoin (DOGE), the original meme cryptocurrency, has always been popular among retail investors and crypto enthusiasts.
But recent trends suggest that larger players, or “whales,” are also making big moves.
According to data from IntoTheBlock, net inflows of DOGE into large holder wallets increased by a staggering 118%, from 67.85 million tokens to 148.36 million tokens. This inflow equates to $14.84 million, a significant amount that confirms the growing confidence of these large investors.
The net flow metric is crucial in understanding market sentiment, especially among whales who hold more than 0.1% of DOGE's total supply.
A spike in netflows is usually an indication that these large holders are accumulating more tokens, which often precedes a price increase. Indeed, the recent spike in netflows was followed by a 1.5% increase in the price of DOGE, to $0.1015.
Interestingly, the real driving force behind this bullish momentum appears to be a decrease in outflows rather than a significant increase in inflows: outflows from whale wallets fell 45.9% to 111.41 million tokens, while inflows only slightly decreased 5.13%, remaining at 259.77 million DOGE tokens.
This reduction in selling pressure could be a sign that whales are holding DOGE in anticipation of larger price movements in the near future.
POODL surges 148.75% in 30 days
While Dogecoin has been making waves with its whale activity, a new entrant in the meme coin space, Poodlana (POODL), has been quietly gaining momentum.
Over the past 30 days, Poodlana's price has increased by an astounding 148.75% from the pre-sale stage to its post-exchange listing price, reflecting strategic market moves and growing investor interest.
Poodlana first gained traction with a wildly successful $8 million presale, after which it was set to list on Raydium, MEXC, and Uniswap. These listings weren't just for liquidity purposes; they were part of a broader market entry strategy designed to capitalize on the buzz generated during the presale.
With no vesting period or lockup, early investors were able to trade their tokens freely immediately, creating significant buying pressure as the tokens moved onto the public market.
The excitement surrounding Poodlana has been further fuelled by persistent rumors about a possible Binance listing. Historically, new listings on Binance often lead to significant price increases, so the possibility of such a listing has been the subject of heavy speculation.
Additionally, Poodlana’s partnership with Solana, a blockchain known for its speed and scalability, opens up new possibilities. Solana-based meme coins have experienced dramatic price increases in the past, with some tokens increasing in value by over 1,000%.
The Future of DOGE and POODL
While both Dogecoin and Poodlana are performing well, they cater to slightly different segments of the meme coin market.
With an established community and widespread recognition, Dogecoin continues to attract significant attention from both retail and whale investors. The recent surge in whale activity suggests that large holders are poised for potential profits in anticipation of further price increases due to market sentiment and wider adoption.
Meanwhile, Poodlerana’s unique poodle-themed branding and high-fashion aesthetic appeals to a niche and growing audience, and given blockchain’s reputation for speed and scalability, the strategic decision to partner with Solana could be a brilliant one.
Both Dogecoin and Poodlana are likely to see significant gains in the near future. Dogecoin's whale activity and reduced selling pressure could drive the price higher, while Poodlana's rapid rise and strategic market positioning make it a token worth watching.
The meme coin market continues to evolve rapidly, so investors and enthusiasts should keep a close eye on both.
If you’re specifically interested in Poodlana (POODL), it’s currently listed on MEXC, Raydium, and Uniswap, and you can also visit its official website for more information.
