Meme coin whales are buying again, even as the broader sector struggles. The meme coin space has dropped 6.8% over the past seven days and over 2% in the last 24 hours, ranking among the worst-performing categories this week.

Yet, that weakness isn’t scaring off large holders. Despite nearly every major meme coin correcting sharply, some over 20%, whales are quietly accumulating three tokens. This hints at growing conviction and early positioning for the next move.

Dogecoin (DOGE)

Dogecoin is one among the meme coins whales are buying again this October. The token has been trading flat over the past 24 hours, around $0.19, showing indecision between buyers and sellers.

Yet, whale activity suggests quiet accumulation under the surface.

Data shows two large cohorts have increased holdings since mid-October. Wallets holding over 1 billion DOGE grew from 69.8 billion to 71.39 billion tokens. That’s an addition of 1.59 billion DOGE, worth roughly $302 million at current prices.

Another group holding between 10 million and 100 million DOGE rose from 24.24 billion to 24.45 billion, adding about 210 million tokens worth $40 million.

The buying spree happens at a time when the DOGE price has been trading down by over 4%, day-on-day.

Dogecoin Whales: Santiment

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This buying appears to align with Dogecoin’s technical setup. On the daily chart, DOGE continues to move inside a narrowing falling wedge, a structure that often precedes an upside breakout.

A 25% rise from current levels could push the price above the upper boundary near $0.24, potentially unlocking targets at $0.26 and $0.30.

Dogecoin Price Analysis: TradingView

If DOGE loses $0.19, a pullback to $0.18 remains possible, but only a drop below $0.17 would expose the price to deeper weakness near $0.14.

Also, as the wedge’s lower trendline only has two clear touchpoints, it remains weaker and vulnerable to a breach if the DOGE price drops and whales start offloading.

Pepe (PEPE)

PEPE has quietly become another target for meme coin whales in the fourth week of October. The token, currently ranking 51 among all cryptocurrencies, is down 31% over the past 30 days and has traded flat in the last 24 hours. But large holders appear to be using this lull to buy the dip.

Data shows that PEPE whales have increased their holdings from 155.62 trillion to 155.84 trillion tokens since October 21 (yesterday), an addition of 0.22 trillion PEPE, worth around $1.5 million at the current price of $0.0000068.

This slow but consistent accumulation near support hints that whales are positioning for a rebound rather than an extended decline.

PEPE Whales: Santiment

On the 12-hour chart, PEPE has just reclaimed the $0.0000068 resistance level. If the price holds, the next upside targets sit near $0.0000097 and $0.000012, representing a potential 40% gain.

Between October 11 and 17, the price made lower lows while RSI made higher lows — a bullish divergence that often precedes short-term rebounds.

PEPE Price Action: TradingView

The Relative Strength Index (RSI) tracks price momentum. A divergence between RSI and price often signals a possible trend reversal.

If $0.0000063 breaks to the downside, PEPE could drop toward $0.0000050, invalidating the short-term bullish setup. As long as $0.0000063 holds, meme coin whales could continue to back a recovery move for PEPE.

Useless Coin (USELESS)

Meme coin whales appear to be doubling down on USELESS — one of the few tokens in this space showing real strength as October ends.

While almost every major meme coin has corrected over the past week, USELESS has gained 4% in the past 24 hours. It is also up nearly 82% over the past 30 days, proving it’s still attracting strong buying interest.

That steady rise seems to have backing from whale accumulation. In the past day, whales have been buying again, increasing their holdings by 1.15% to a total of 247.72 million USELESS. That’s an addition of roughly 2.81 million tokens, worth about $843,000 at the current price of $0.30.

The top 100 addresses (mega whales) have expanded their collective balance by 7.9% to 602.42 million USELESS. That would be an addition of around 44 million tokens, worth nearly $13.2 million.

USELESS Coin Whales: Nansen

On the daily chart, USELESS is trading inside a continuation “flag-like” pattern. That could be the reason why it is getting whale attention.

This channel-like pattern should be termed a continuation pattern (not the usual flag and pole) as the flag structure appears longer than the pole. Either way, a close above $0.33 could trigger a breakout. And that could potentially send prices toward $0.46, $0.59, and even $0.80 — a move of around 140%, while the pole projection targets gains up to 317%.

USELESS Price Analysis: TradingView

If $0.25 fails, the next support sits near $0.20, which would invalidate the bullish setup. But with meme coin whales buying into strength and technicals showing continuation, USELESS stands out as one of the rare meme coins where buyers still dominate.