Journalist
Posted:
The memecoin sector’s performance has been uninspiring in 2025. That’s putting it politely; bears have been in control for most of the year, and the sector has shed 50% in market capitalization since the beginning of the year.
Dogecoin [DOGE] lost the local support level at $0.155 in mid-November and saw a fresh round of losses. dogwifhat [WIF] and Floki [FLOKI] were down 28.9% and 34.3% respectively, since the beginning of November.
Between WIF and FLOKI , one appears to have a more promising outlook on the price charts in the weeks ahead. AMBCrypto identified which token whales are likely backing, though it’s important to note that both memecoins remain risky investments.
Which memecoin do whales prefer: WIF or FLOKI?
Source: Santiment
The supply distribution of FLOKI was assessed using data from Santiment. In particular, the larger FLOKI holder addresses with over 100 million FLOKI have been steadily selling in recent months.
The biggest cohort with over 1 billion FLOKI accumulated the memecoin till mid-October. After a couple of months of holding, a sharp wave of selling was seen. The chart above captured this wave of selling, and it halted on the 9th of December.
Source: CryptoQuant
In contrast, CryptoQuant data showed that WIF witnessed big whale orders in the spot market since August. Moreover, the spot taker CVD showed buyer dominance over the past six weeks.
This was an encouraging sign and suggested larger holders were buying WIF, despite the market-wide slump and the memecoin sector’s woes.
Buying is still a risk
Source: FLOKI/USDT on TradingView
FLOKI was back at the $0.000045 support level that it saw a bullish reaction from in April. However, its weekly structure was firmly bearish, with the lower high at $0.000116.
Source: WIF/USDT on TradingView
WIF was showing a similar setup on the price charts. It was also sitting at April’s lows, with a swing high positioned much further above.
For both meme tokens, breaking that high is essential to turn the long‑term structure bullish.
Final Thoughts
- The FLOKI whales were selling in recent weeks, while WIF saw large whale orders and spot buyer dominance.
- This does not translate into an immediate recovery for dogwifhat, and both memes are risky for buyers, but WIF has a better chance of recovery given the interest from whales.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion