While meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) continue to steal headlines in August with short-term rallies, the blockchain’s quiet giants—the whales—are showing signs of shifting direction. On-chain data is revealing a consistent accumulation trend among large holders, but surprisingly, their focus isn’t just limited to the trending memes. Instead, significant capital is moving toward early-stage utility-based tokens like Mutuum Finance (MUTM) —a DeFi project currently in its
