Are whales moving funds from older into newer meme coins? That appears to be the case, given that a number of newer meme coins have been outperformering their more established rivals like Dogecoin (DOGE) and Shiba Inu (SHIB) during the ongoing market rebound.
Market sentiment took a battering over the weekend into Monday as US recession and geopolitical risks swirled.
But markets have since calmed, facilitating a rebound in crypto prices.
And newer meme coins like Popcat (POPCAT) are leading the charge.
While DOGE and SHIB are only up around 5% in the past 24 hours, POPCAT was up 27%, per CoinMarketCap.
The Solana-based coin was last trading just under $0.58. Bulls are eyeing a retest of the highs it set earlier this year in the $1.0 area.
The outperformance of newer meme coins could be a result of whales moving funds.
But funds aren’t just heading to already launched tokens. Various new meme coin presales are also experiencing huge demand.
Analysts at Cryptonews.com are paying particular attention to two names in particular.
Here are two newer meme coins that the Cryptonews.com team have ranked in their top presale picks.
Promising Newer Meme Coins
Pepe Unchained (PEPU)
Unlike most newly launched Pepe copycat tokens, Pepe unchained comes packed with utility.
Pepe Unchained is a new Ethereum layer-2 protocol that aims to become the go-to blockchain for meme coin trading.
Pepe Unchained’s token presale launched a few weeks ago, raising over $7.7 million so far.
Thirty percent of the token’s supply is dedicated to staking rewards, which presale investors can start earning immediately.
Priced at just $0.0088044, PEPU is valued at only around $70 million. Assuming it achieves its goals of becoming a major layer-2 protocol, it could easily 10x from here.
PEPU is also a passive income gem. The project’s website shows the current staking yield is around 251% for presale investors.
Investors who jump in now could potentially have added significantly to their PEPU bag by the time the token launches.
Cryptonews.com’s in-house analyst Chester explains below why the meme coin has big potential.
Base Dawgz (DAWGZ)
Another newer meme coin that is generating a lot of excitement right now is called Base Dawgz.
Base Dawgz (DAWGZ), a new Base meme coin, is a fun base-jumping Shiba Inu cartoon character that can seamlessly shift between the five most used blockchains (excluding Bitcoin).
These blockchains include Base, Ethereum, BNB, Avalanche, and Solana.
The DAWGZ presale has been a blockbuster success, raising $2,845,000 in just a few months.
DAWGZ is currently available at $0.007414, but that price will soon rise, so potential investors may want to move quickly.
Base Dawgz is also one of the top passive income gems in the market right now.
Per the meme coin’s official website, the current APY for presale investors who stake their tokens is 928%.
That means investors could feasibly double their presale DAWGZ bag before the token’s launch in a few weeks.
That yield is being paid out of the 20% of the DAWGZ supply allocated to staking rewards.
DAWGZ’s modest valuation and passive income potential suggest its risk-reward is very good.
It certainly ranks amongst the best Base chain meme coins to buy.
Popular influencer Clay Bro explains below why he thinks DAWGZ has got 10x return potential.
The post Newer Meme Coins Outperform Dogecoin, Shiba Inu, As Whales Move Funds appeared first on Cryptonews.
Read More from Joel Frank on cryptonews.com