Dogecoin and Shiba Inu Whales Are Accumulating this coin in Bear Market?

The next 100x winner could be a little-known cat-themed meme coin that is suddenly receiving big attention

During the 2022 bear market in altcoins, several retail crypto investors have been fleeing into the hills. However, we are seeing whale investors – who previously made their fortune in Dogecoin and Shiba Inu – making their play into the next generation of meme coin winners. One of those altcoins is the rapidly emerging cat-themed meme coin known as Catecoin.

Even though Catecoin has risen over 200% in the bear market, it is still a fraction of Dogecoin and Shiba Inu's value

Whales are always looking for the next big winner in the altcoin market. That usually means exploring altcoins with a market capitalization of under $100 million. The issue is that many of these smaller altcoins have little to no utility. Catechin is unique in that it is a meme coin that offers staking and play-to-earn opportunities. Because of these, we are seeing Dogecoin and Shiba Inu investors make a play for Catecoin.

Catecoin is poised to be the Dogecoin and Shiba Inu of the next bull run

Every bull run in the altcoin market is filled with a handful of 100x winners. In many cases, these winners are overlooked by retail investors before taking off. However, well-researched investing whales tend to know which alt coins are ready to run. Right now, Catecoin appears to be on the short-list of top winning meme coins for the next bull run.

Whales looking to diversify into potential major winners

It is expected that altcoins will begin another massive run around the time of the next Bitcoin halving. That is expected in around March of 2024. Right now, Dogecoin and Shiba Inu whales are taking advantage of depressed prices and looking to find the next big meme coin winners. Right now, Catecoin appears to be the next massive of the next bull run.

Following Dogecoin and Shiba Inu whales into the next big altcoin play

While many retail investors are still waiting on the sidelines, some savvy investors find big winners by monitoring the activity of crypto whales. Therefore, it will not be surprising if a few retail investors can become "Catecoin millionaires' by investing a little into the fast-rising cat-themed meme coin today. Be sure to check the trading activity of Dogecoin and Shiba Inu whales to see if they will continue to accumulate Catecoin into 2023.