Ah, the meme coin market-a circus of clowns and kings, where August slunk away like a thief in the night, leaving behind a measly 1.3% gain. The past month? A bloodbath! PEPE down 13%, TRUMP 12%, BONK a staggering 32%, and SPX? Over 42%! 🪦 The red ink flows like a river, yet the show must go on.
But fear not, comrades of the crypto proletariat! Beneath the surface, the whales are stirring. On-chain data whispers of accumulation, and technical charts hint at rebellion. September, it seems, may yet crown its meme coin monarchs. 🦜
Bonk (BONK) 🦴
Ah, Bonk-the fallen star, down 32% in 30 days, yet still wagging its tail. Whales, those cunning beasts, have hoarded 16.22% more BONK, amassing 2.51 trillion tokens. At $0.0000215, that’s a cool $7 million. Retail? They’re selling like it’s the end of the world, while the whales feast. 🍽️ A classic tale of the haves and have-nots.
Exchanges saw 1.61% outflows-retail’s panic, whales’ opportunity. This divergence, my friends, is the stuff of revolutions. BONK’s price hovers near $0.0000216, a key resistance. Break above $0.0000239, and the bulls might roar. But fall below $0.0000195? The bears will feast. 🐂🐻
The Bull Bear Power (BBP) indicator? It’s weakening, like a bear after a long winter. BONK, it seems, is ready to bark again. 🐶
Pudgy Penguins (PENGU) 🐧
PENGU, the frosty meme tied to NFTs, dropped 25% this month. Yet whales? They’re stacking like it’s the Arctic winter. Balances grew 1.77% to 2.45 billion PENGU, while the top 100 added 0.13% to 74.66 billion. At $0.030, that’s $4.2 million in icy assets. 🧊
Exchanges lost 2.55% of supply-$12.60 million-as retail fled. The Parabolic SAR? It’s flipped bullish, like a penguin sliding into the sea. With a 174% three-month rally, the uptrend lives. 🌊
Watch $0.031 and $0.036. Break those, and $0.041 awaits. Dip below $0.028? The shorts will party. Either way, PENGU’s waddling into September with purpose. 🐧
Dogecoin (DOGE) 🐕
DOGE, the OG meme king, has been steady as a rock-down just 2.2% this month, up 2.4% this week. Whales? They’re stacking like it’s 2021. Mega wallets added 0.53% between August 27-28, worth $84 million at $0.2230. The old dog still has bite. 🐶
The Bull Bear Indicator shows bears losing grip-just like in August, when DOGE jumped from $0.20 to $0.24 in hours. History repeats? Perhaps. Currently, DOGE trades between $0.2176 and $0.2248. Break $0.2449, and the moon awaits. Fall below $0.2058? The slide to $0.1884 begins. 🚀
So, comrades, will September be the month of meme coin glory? Or just another chapter in the circus of crypto? Only time-and the whales-will tell. 🌊🐳
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2025-08-28 21:51