Why Whales Are Buying FLOKI, PEPE, SHIB

Benzinga01-09

Whale transactions worth over $100,000 in FLOKI (CRYPTO: FLOKI), PEPE (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) exploded by 950%, 620%, and 111% respectively this week, as meme coins added $14 ...

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Meme coins dominated this activity, taking four of the top ten spots among all crypto projects with at least $500 million market caps.FLOKI on Ethereum led with a 950% surge, followed by PEPE at 620% and FLOKI on BNB at 550%.Additionally, Shiba Inu rounded out the meme coin presence at 111%, beating out AI tokens, real-world asset platforms, and established DeFi protocols for whale attention. The pattern suggests large holders are rotating capital away from Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), into higher-volatility meme coins.Meme Coin Performance Reverses 2025 LossesFLOKI surged 41.7% over the past week while PEPE emerged as the strongest performer with a 67% weekly rally, breaking out from descending wedge patterns.Shiba Inu climbed 28.7% over seven days, up nearly 48% from its late December lows. Dogecoin (CRYPTO: DOGE) reclaimed the $0.15 level with a 30-33% rebound from December, and benefiting from renewed institutional interest through ETF inflows.Collectively, these four meme coins posted 25-67% gains in the first week of 2026, reversing months of losses that saw the sector collapse 61% throughout 2025.Meme Coin Market Cap Surges 37% In Eight DaysMeme coins added $14 billion in market cap since January 1, rising from $38 billion to $52 billion—a 36.8% surge in just eight days. The rally significantly outperformed the broader altcoin market.Darkfost on CryptoQuant noted that memecoin dominance within the altcoin market hit a historical low in December 2025. In November 2024, meme coins accounted for 11% of total altcoin market cap. By December 2025, that ratio fell to 3.2%. The last time memecoin dominance reached such low levels, it preceded a massive memecoin season. Over the past few days, major meme coins posted strong gains, potentially marking the beginning of a memecoin comeback.Image: Shutterstock$DOGEDogecoin$0.1409-3.65%Overview$BTCBitcoin$90506.89-0.84%$ETHEthereum$3090.39-2.37%$FLOKIFLOKI$0.000053-4.00%$PEPEPepe$0.000006-7.25%$SHIBShiba Inu$0.000009-1.94%Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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