Dogecoin Whale Activity Explodes, Setting Memecoin Market in Motion

The memecoin market is experiencing a resurgence this October as Dogecoin (DOGE) takes the lead. On-chain data reveals a significant spike in whale activity, driving DOGE’s price to a new all-time high and igniting rallies for other prominent tokens like Shiba Inu (SHIB) and XRP. Analysts are attributing this surge to factors such as booming DeFi applications, increased institutional interest, and a shift from large-cap investments to emerging plays.