This year, the market value of meme coins reached $116 billion twice, attracting many risk-taking investors. However, as the market has retraced about 13% from its peak, the excitement around it has slightly decreased. Nonetheless, some tokens continue to perform differently from the overall market trend and benefit from other factors. With over a thousand tokens in the meme coin market, it is still growing and promising quick profits. Since the launch of Dogecoin (DOGE) in 2013, the number of these tokens has significantly increased. Among them, whales, known as major accumulators, still have a significant impact on this market’s trends. Despite the overall market decline, meme coins like Gigachad (GIGA), Pajji Penguins (PENGU), SPX6900, Fartcoin (FARTCOIN), and Official Trump (TRUMP) are still in the green zone. This trend aligns perfectly with the whales’ strategy; as they direct their capital towards new meme tokens or tokens endorsed by celebrities, strategically increasing their value. New tokens are also more successful than old tokens due to their strong tokenomics. For example, Shiba Inu has a supply of about 589.25 trillion tokens, but Fartcoin with its limited supply of 1 billion has managed to have significant growth. In fact, the strategy of limited supply and high demand is the main factor for the success of new meme coins, making them the top choice for investors seeking short-term profits.
