meme coin ‘s have become more and more the center of attention, especially recently. New data shows that the biggest whales are starting to load more into these coins.
Here’s the Interest of Whales
Five big breast coins dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI), Baby Doge Coin (BABYDOGE) and Memecoin (MEME) are on the whales’ radar.
Tis’ the season of memecoins. 🐶🐸😺
But only a few people are having fun. The rest of us aren’t.
NEWS CONTINUES BELOWThe reason?
Most memecoins are held by a few hodlers.
NEWS CONTINUES BELOWFor instance:
– 99.7% of $BabyDodge is held by top-10 holders
– 96% of $MEME is held by top-10 holders
– 75% of $SHIB work… pic.twitter.com/OoJ5SzOTDk— PYOR | Power Your Own Research (@pyorxyz) March 5, 2024
According to a report prepared by the analysis platform Power Your Own Research according to, for BABYDOGE this indicator exceeds 99%. Memecoin (MEME) keeps a close eye on 96% of the supply stored by whales. In the next group, with 75.03% and 69% allocated by the top 10 public wallets respectively Shiba Inu (SHIB) and Floki Inu (FLOKI). The metric for Bone (BONE), Pepe (PEPE) and Dogecoin (DOGE) ranges from 42% to 54%.
As we reported as Koinfinans.com, in December 2023, the Blockchain Foundation started purchasing meme coins for the first time. According to the official statement, Avalanche Foundation added meme coins to its portfolio as it managed to “carve out a niche” in the Web3 scene.
At the same time, next-generation meme coins on the Solana (SOL) blockchain are also on the radar of big whales. According to PYOR’s report, the top 10 wallets hold only 14.3% of Bonk (BONK) and 22.6% of Dogwifhat (WIF).
Today, bonk (BONK) is listed by the top centralized exchange Robinhood. BONK price increased by 19% in a short time after this development.
