Dogecoin (DOGE), Pepe (PEPE), and Shiba Inu (SHIB) rebounded in unison. However, clear differences have emerged in the size of price gains and the flow of large-order capital, making it difficult to interpret the three meme coins' rises as the same phenomenon.

Daily Performance... Pepe Leads with a 4.69% Gain

According to market data provided on a daily basis for September 30, Dogecoin rose 3.99% to $0.09765. Pepe climbed 4.69% to $0.00000446, while Shiba Inu gained 3.30% to $0.00000595. Pepe showed the strongest price momentum on the day.

Even when the period is extended to 30 days, Pepe's gain of 30.79% was the highest among the three. Over the same period, Shiba Inu rose 20.20% and Dogecoin rose 19.11%.

However, over the past 7 days, all three coins have remained in negative territory. Dogecoin's 7-day return stands at -2.73%, and Shiba Inu's at -2.62%. In particular, Pepe posted -10.62%, the largest decline among the three. Despite the day's rebound of around 4%, Pepe has not fully recovered the losses incurred over the past week.

Technical Indicators Signal "Short-Term Recovery" Technical indicators showed short-term recovery signals. Pepe's 6-day relative strength index (RSI) recorded 60.53. Its moving averages — the 7-day, 25-day, and 99-day lines — are in bullish alignment, and its MACD recorded a golden cross 12 candles ago. Dogecoin's RSI(6) stood at 62.10, and Shiba Inu's at 61.49.

All three coins showed MACD golden crosses, upward SuperTrends, and bullish moving average alignment, forming short-term price recovery signals.

Whale Money: Shiba Inu Tops Net Inflow at 15.59%... Dogecoin at -4.15%

In large-order flows, Shiba Inu stood out relatively. Shiba Inu's large-order net inflow rate recorded 15.59%, and Pepe also showed a net inflow of 10.60%. Both coins exhibited buy-side dominant capital flows in large orders alongside their price gains.

Dogecoin showed a different picture. Although its price rose 3.99%, its large-order net inflow rate recorded -4.15%. With the price rebound and large-order supply-demand moving in opposite directions, further confirmation of future supply-demand changes is needed.

Trading volume fell short of recent averages for all three coins. Dogecoin's daily volume was 0.59 times its recent 7-day average, Pepe's was 0.61 times, and Shiba Inu's was 0.58 times. This means that although prices rose 3–4% and some coins saw net large-order inflows, trading participation did not expand significantly above recent averages.

Clear Differences Within the "Joint Rally"... Three Key Points to Watch

Ultimately, the September 30 movements of the three meme coins show clear internal differences despite the common theme of a "joint rally." Pepe showed relatively strong price momentum with a 4.69% daily gain and a 30.79% rise over the past 30 days, but its 7-day return of -10.62% indicates considerable short-term volatility.

Shiba Inu posted a lower daily gain than Pepe, but its large-order net inflow rate of 15.59% was the highest among the three. Judging solely from spot large-order flows on the day, relatively strong buying pressure was observed. Dogecoin rebounded 3.99%, but its large-order net inflow rate turned negative. Given the mismatch between the price rise and large-order supply-demand, it is necessary to watch whether volume and capital flows follow.

Notably, all three coins have negative 7-day returns. The day's gains alone are not enough to conclude that the recent short-term correction has fully reversed. In addition, this data does not include derivatives funding rates, open interest (OI), or long/short position ratios. Therefore, it is difficult to judge futures market investor positioning on the same basis using spot large-order data alone.

Key points to watch going forward are as follows: ▲whether Pepe's price momentum leads to increased trading volume ▲whether Shiba Inu's large-order net inflows persist ▲whether the mismatch between Dogecoin's price rise and large-order supply-demand resolves.

[Virtual assets are highly volatile, and sharp rises and falls can occur over short periods depending on market conditions. Market outlooks based on technical indicators and large-order flows may not match actual price movements, and responsibility for all investment decisions and resulting gains or losses lies with the investor. This article is for informational purposes only and does not recommend buying or selling any specific virtual asset. AI was used for some sentences and data compilation.]