@remain
Meme coins like DOGE and SHIB often react to social media hype and whale positioning. August data shows accumulation by top wallets, sparking speculative rallies. Celebrity mentions and new exchange features have amplified trading activity. Yet, such rallies tend to be momentum-driven, lacking fundamentals. Traders entering late risk drawdowns when hype fades. For long-term investors, meme coins remain highly speculative. Still, monitoring whale flows can provide early clues about upcoming bursts in activity.
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