The cryptocurrency market was concerned about the withdrawal of money from Grayscale's converted Ethereum Trust ETF (ETHE), causing Ethereum to experience a 7.5 percent decline. As of the time this news was written, Ethereum is trading around $ 3,100.

The possibility of Ethereum falling below the $3,000 level is causing concern among investors. In the crypto market, questions such as whether ETH will retest the $2,800 low and why Ethereum is falling are prominent. This created FUD-like anxiety in the market.

It is predicted that Ethereum may test the $3,272 resistance level if the market recovers. However, if the bears continue to control the market, Ethereum price may decline towards the support trend line of the triangle pattern. According to analysts, if the bulls fail to hold the price at this level, ETH could test the critical support of $2,870.

Among the new projects that attract the attention of selling whales, The Meme Games (MGMES) stands out. Shining in the crypto world with its special blend of competitive energy and meme coins, this project has raised more than $250 thousand so far. The pre-sale of this project, which was introduced as the official meme coin of the Olympics, attracted the attention of whales because it offered profit opportunities as well as entertainment to its users. Meme coin enthusiasts are excited about this project, which brings together popular meme characters.

The Meme Games offers players the chance to choose one of five iconic meme characters and compete in a 169-meter dash. If the winning character wins a gold medal, token holders receive a 25% bonus. Many cryptocurrency analysts predict that The Meme Games' value could increase 100-fold after the pre-sale, and this approval has increased confidence in the project and attracted the attention of more investors. The pre-sale is expected to end on September 8 and DEX listings will begin on September 10. Investors are advised to purchase the MGMES token at $0.00905.

Another notable project is Pepe Unchained. This token attracts attention with great investor confidence and stands out among ICOs. Promoted with the slogan “Better, faster and cheaper PEPE,” this pre-sale offers users faster transaction speeds and lower fees through Layer 2 blockchain technology. The cryptocurrency called PEPU allows investors to earn staking rewards, which plays an important role in the success of the project.

Pepe Unchained also plans to use a block explorer. This feature will allow users to view all Pepe Chain transactions in real time, increasing transparency. Users will be able to track their wallet history, transfer status and purchases. The staking mechanism also attracts attention; PEPU offers an annual rate of return (APY) of more than 350%. Currently, 445 million PEPU tokens have been staked, which is considered an indicator of the popularity of the program.

This Layer 2 solution, offered with the aim of solving Ethereum's scalability problems, provides great advantages to investors by offering faster and more affordable transactions.

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