The memecoin market has reignited as October opens, with Dogecoin (DOGE) leading the charge. On-chain data shows whale activity climbing nearly 9% in just 24 hours, pushing open interest above $3.32 billion and lifting DOGE to new technical levels. The surge has also pulled other tokens like Shiba Inu (SHIB) and XRP into the spotlight, cementing their place as some of the best altcoins to buy now.
Amidst this rally, analysts are also highlighting MAGACOIN FINANCE, a generational gem entering the memecoin rotation. As capital cycles from large caps to emerging plays, whales are positioning themselves early in projects that could outperform during the next leg of the market cycle.
Dogecoin (DOGE): Whale Activity and Price Surge
Dogecoin’s open interest jumped sharply, with whale wallets driving volume across both spot and futures markets. DOGE surged nearly 9% to $0.254, clearing resistance at $0.242 before consolidating just below $0.26. Analysts are now eyeing the $0.264 level as a key pivot—should it flip to support, targets of $0.31–$0.32 are in play.
Technical desks also flagged a “golden cross” pattern forming across major timeframes, signaling potential continuation. The spike comes as speculation intensifies around ETF filings and broader institutional positioning in crypto. More than 1 billion DOGE tokens were traded during the breakout, underscoring renewed liquidity in the sector.
Institutional catalysts are also building momentum. State-level discussions around stablecoin integrations and ETF-related developments are giving traders confidence that DOGE could sustain momentum well into October.
Shiba Inu (SHIB): Supply Squeeze and Whale Flows
Shiba Inu followed suit, gaining 6% as on-chain metrics confirmed exchange reserves fell to their lowest point in two years. The supply crunch, combined with whale accumulation, has given SHIB strong upside after months of underperformance relative to DOGE.
More than 1 trillion SHIB tokens traded hands during the rally, with large buyers stepping in at support levels. Analysts point to the $0.000012 zone and the 200-day moving average as crucial levels—defending them could allow SHIB to narrow the gap with DOGE as memecoin season heats up.
This supply-driven rally also underscores SHIB’s evolution, where exchange withdrawals suggest long-term holding is replacing speculative short-term trading.
XRP Joins the Memecoin Rally
XRP added to the wave of momentum, trading consistently above $2.97 after briefly reclaiming $3 earlier in the week. Analysts project a 23% upside toward $3.66, provided the breakout holds.
The rally in XRP is tied to spillover effects from meme-driven capital flows as well as speculation around ETFs. Its liquidity profile and established position in institutional portfolios make it a hybrid play—combining memecoin-style volatility with broader altcoin adoption trends.
This has put XRP on analysts’ radars as one of the most intriguing assets to hold through October, with both retail and institutional traders rotating into the token.
Hidden Gem: Momentum Shifts Beyond the Big Three
As Dogecoin whale transactions jump, capital rotation shifts to emerging projects like MAGACOIN FINANCE, where whales see early-stage upside.
Wallet growth and whale inflows are already being tracked across crypto data platforms, suggesting this generational gem is moving from niche discussions into mainstream investor circles.
Notably, its scarcity-driven design and audit-backed framework are strengthening confidence, with analysts framing it as a natural beneficiary of the current memecoin rotation.
With whales diversifying beyond DOGE and SHIB, MAGACOIN FINANCE has positioned itself as the rising altcoin that could capture both meme-driven enthusiasm and longer-term institutional attention.
Final Thought: Best Altcoins to Buy Now
Dogecoin’s whale-driven rally has re-anchored the memecoin sector, pulling SHIB and XRP higher as October begins with bullish sentiment. Institutional speculation, ETF tailwinds, and key technical levels continue to drive confidence in these assets.
At the same time, a hidden gem like MAGACOIN FINANCE is carving out its role in the rotation—emerging as an altcoin that combines scarcity, whale backing, and momentum at a critical moment in the market cycle. Together, DOGE, SHIB, XRP, and MAGACOIN FINANCE are setting the stage for what could be one of the most active memecoin rallies of 2025.
