Whales and Algorithms Line Up as Meme Coin Drama Hits New Stages

Dogwifhat (WIF) has shown resilience in recent trading sessions, maintaining a price range between $0.80 and $0.85 as market participants closely monitor key levels for signs of a breakout. Technical indicators suggest the token is in a consolidation phase, with support at $0.80 and resistance near $0.83–$0.85. According to BraveNewCoin data, Dogwifhat traded at $0.83 as of the latest update, with a 24-hour trading volume of approximately $136.7 million, reflecting steady interest from both retail and institutional traders [4]. The market capitalization stood at around $831.7 million, placing it at position 134 in the cryptocurrency rankings [4].

On-chain activity indicates that larger holders—commonly referred to as whales—are accumulating at key support levels. Whale activity often signals the potential for a larger directional move, especially if broader market sentiment aligns with bullish signals. The RSI and MACD indicators currently reflect a neutral to slightly bullish stance, suggesting reduced selling pressure but limited upward momentum [4]. The Bollinger Bands show a narrowing volatility range, indicating that the token may be building pressure for a significant move soon [4]. A break above $0.913 could open the path toward $1.10, while a failure to maintain above $0.829 could trigger renewed downward pressure [4].

In parallel, Pudgy Penguins (PENGU) has seen a surge in interest, with its native token rising more than 12% in the last 24 hours to $0.0323. The token’s performance has drawn attention from both retail and institutional investors, particularly with the recent announcement that the SEC has delayed its decision on the Canary Spot PENGU ETF until October 12, 2025 [5]. This delay has sparked speculation that the ETF, which bundles PENGU tokens with NFTs, could serve as a catalyst for broader adoption and institutional investment. The product is being compared to the early Bitcoin ETF approval, with many analysts viewing it as a potential milestone for meme-based assets [5].

On-chain data also highlights growing accumulation within the Pudgy Penguins ecosystem, with over 800,000 token holders and a relatively small number—about 5,700—participating in the “PENGU Platoon,” a community-based initiative on X (formerly Twitter) [5]. Analysts like Ali (@ali_charts) have noted a TD Sequential buy signal on PENGU’s 3-day chart, suggesting the token may be entering a new accumulation phase after a prolonged consolidation period [5]. TradingView indicators further support this view, with momentum and MACD signals leaning bullish and 13 of 15 moving averages flashing buy signals [5].

Meanwhile, BullZilla ($BZIL) has emerged as one of the most anticipated meme coins in the 2025 market cycle, particularly due to its innovative presale mechanics. The project has entered Stage 2 of its presale, with a dynamic pricing model that increases automatically every $100,000 raised or every 48 hours. This system, known as the Mutation Mechanism, is designed to reward early investors while ensuring continuous growth in token value [1]. BullZilla has already raised over $200,000, with more than 700 token holders participating in the presale [1].

Complementing the Mutation Mechanism is the Roar Burn Mechanism, which systematically reduces token supply by burning tokens at each project milestone. This deflationary model creates scarcity and supports long-term value appreciation [1]. The combination of these mechanisms has positioned BullZilla as one of the most promising meme coins of the year, with early investors projected to see significant returns. A $6,000 investment at the presale price of $0.00000575 could result in a potential return of over $5.4 million at listing, assuming the presale continues to gain momentum [1].

BullZilla’s presale has also introduced the HODL Furnace, a staking mechanism that offers up to 70% APY for long-term holders. This feature distinguishes BullZilla from other meme coins by incentivizing conviction and long-term investment [2]. As the presale progresses through 24 stages, the token’s value is expected to grow progressively, driven by both demand and scarcity. The token has already sold over 18.7 billion tokens in its Stage 1-D presale, with prices rising automatically every 48 hours or once $100K is raised [2].

In conclusion, the crypto market in September 2025 is witnessing a mix of cautious recovery in established meme coins like Dogwifhat and Pudgy Penguins, while emerging projects like BullZilla are capturing investor attention through structured growth models and deflationary mechanics. Dogwifhat’s ability to hold key support levels and Pudgy Penguins’ recent price surge highlight the resilience of well-established meme tokens. Meanwhile, BullZilla’s innovative presale structure and staking rewards position it as a strong contender for 1000x gains, making it one of the most anticipated projects in the current market cycle.

Source:

[1] BullZilla Presale Unlocks Stage 2—Why It Leads the Top Cryptos to Buy Now with Solana and Official Trump (https://www.mexc.co/fil-PH/news/bullzilla-presale-unlocks-stage-2why-it-leads-the-top-cryptos-to-buy-now-with-solana-and-official-trump/88567)

[2] BullZilla and 7 Other Meme Coins: The Next 100x ... (https://www.digitaljournal.com/pr/news/indnewswire/bullzilla-7-meme-coins-next-114021969.html)

[3] Dogwifhat Price Signals Cautious Recovery as Market Steadies Near $0.82 (https://bravenewcoin.com/insights/dogwifhat-price-signals-cautious-recovery-as-market-steadies-near-0-82)

[4] Dogwifhat Price Today: Holding $0.85 as Bulls Eye Breakout Triggers (https://bravenewcoin.com/insights/dogwifhat-price-today-holding-0-85-as-bulls-eye-breakout-triggers)

[5] Pudgy Penguins Price Outlook: Analysts Call for Near-Term Bounce (https://www.banklesstimes.com/articles/2025/09/08/pudgy-penguins-price-outlook-analysts-call-for-near-term-bounce/)