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🤯Investor Buys 67B PEPE in Effort to Recover $2.55M Shiba Inu Loss 📉 Crypto Investor's Comeback Attempt A crypto investor purchased 67 billion PEPE tokens for $1.02 million to offset a $2.55 million loss from selling 40.9 billion Shiba Inu (SHIB) at a lower price. 💼 Previous SHIB Setback The investor previously bought 40.9 billion SHIB for $2.98 million during a bull run at an average price of $0.00007279. As the market turned bearish, they sold SHIB at $0.0000011 per token, resulting in an 85.5% loss, totaling $2.55 million. 📊 Market Movements Currently, SHIB trades at $0.00002734, an 8% increase from the previous day. 🔄 From SHIB to PEPE: A New Bet The investor's new purchase of 67 billion PEPE tokens is closely watched by the crypto community. For PEPE to surpass SHIB’s market cap, its price needs to rise to $0.00003582, a 221.8% increase from its current $0.00001506, despite a 5% decline in the last 24 hours.

🤯Investor Buys 67B PEPE in Effort to Recover $2.55M Shiba Inu Loss

📉 Crypto Investor's Comeback Attempt
A crypto investor purchased 67 billion PEPE tokens for $1.02 million to offset a $2.55 million loss from selling 40.9 billion Shiba Inu (SHIB) at a lower price.

💼 Previous SHIB Setback
The investor previously bought 40.9 billion SHIB for $2.98 million during a bull run at an average price of $0.00007279. As the market turned bearish, they sold SHIB at $0.0000011 per token, resulting in an 85.5% loss, totaling $2.55 million.

📊 Market Movements
Currently, SHIB trades at $0.00002734, an 8% increase from the previous day.

🔄 From SHIB to PEPE: A New Bet
The investor's new purchase of 67 billion PEPE tokens is closely watched by the crypto community. For PEPE to surpass SHIB’s market cap, its price needs to rise to $0.00003582, a 221.8% increase from its current $0.00001506, despite a 5% decline in the last 24 hours.

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💥Crypto Prices Today May 31: Bitcoin Tops $68.5K, ETH Below $3,800 While NOT Pumps Non-Stop 📉 Crypto Market Overview: Today saw mostly red trading sessions, except for Bitcoin (BTC) which traded in the green. Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) all declined, while Notcoin (NOT) continued to pump. The global crypto market cap increased marginally by 0.06% to $2.54 trillion, and the total market volume jumped 0.58% to $83.07 billion. 🚀 Bitcoin Price: BTC jumped 0.92% over the past 24 hours, now at $68,591.21, with lows of $67,118.08 and highs of $69,500.54. Bitcoin's dominance rose by 0.41% to 53.07%, despite turbulent movement. 📉 Ethereum Price: ETH fell 0.80% to $3,759.93, with lows of $3,702.26 and highs of $3,823.64. The anticipated post-ETF rally has cooled down. 📉 Solana Price: SOL dropped 1.55% to $167.21, with lows of $163.68 and highs of $172.42. 📉 XRP Price: XRP slipped 1.04% to $0.5213, with lows of $0.5175 and highs of $0.5273. 🐶 DOGE & SHIB Prices: DOGE fell 2.59% to $0.1605, while SHIB plummeted 6.68% to $0.00002609. Other meme coins like PEPE and WIF also saw significant declines. 📈 Top Gainers: JasmyCoin (JASMY) surged 23.35% to $0.0315, ORDI rose 14.47% to $48.87, Notcoin (NOT) soared 11.05% to $0.01219, and Arweave (AR) rallied 8.44% to $44.00. 📉 Top Losers: Floki Inu (FLOKI) plunged 8.35% to $0.0002527, dogwifhat (WIF) dipped 8.63% to $3.40, Akash Network (AKT) fell 8.30% to $4.78, and BONK plummeted 8.29% to $0.00003414. 🔄 Market Rebound: Hourly charts show slight rebounds of 0-0.5% for BTC, ETH, XRP, and other altcoins.
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🚀ETH/BTC Price Prediction: Why Is Ethereum Price Stuck Below $3,800? 📈 Ethereum Price Surge: Ethereum's price spiked following the approval of the Ethereum Spot ETF. The ETH to BTC ratio rose to 0.054, a 22% gain. ETH is priced at $3,762, with a slight decrease in the past 24 hours and 7 days. Bitcoin trades at $68,293, up by 0.3%. 📊 Price Analysis: ETH is strong against BTC despite a general downward trend. The ETH/BTC ratio trended below the 50-day and 200-day SMAs for 482 days, but Ethereum is now above these averages. A bull flag pattern suggests a potential 22% rally to 0.07 BTC. 🛡️ Support Levels: If ETH retraces, support is around 0.051 BTC and 0.053 BTC, tested three times before. 🔺 Bitcoin Analysis: Bitcoin is nearing the end of a symmetrical triangle on the 4-hour chart, likely to break upward. Key resistance levels: $71,600, $74,724, $77,490. Key support areas: $66,200, $65,700, $62,900. 📑 ETF Developments: Blackrock filed for a Spot Ethereum ETF, boosting bullish sentiment. Their BTC holdings are nearing Grayscale's, with their Bitcoin ETF reaching $20 billion in 137 days. 📉 Options Expiry: On May 31, 2024, 69,000 Bitcoin options worth $4.7 billion and 354,000 Ethereum contracts worth $1.5 billion expire. The put-call ratios indicate bullish sentiment but could cause short-term pullbacks. 🔮 Outlook: Ethereum's price surged with ETF news, showing strength against Bitcoin. With significant options expiry and ETF developments, market volatility is expected. Despite possible pullbacks, overall sentiment remains bullish.
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