3 Meme Coins Whales Are Buying In The Fourth Week Of October

What Happened

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)

Market Context

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.

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.

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

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.

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.

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.

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.

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

Why It Matters

Yet, whale activity suggests quiet accumulation under the surface.

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.

Details

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.

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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.

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.

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

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.