Will Traders Buy This New Meme Coin While BONK Dips ?

#pizzaday #PEPE‏ #altcoins #BinanceLaunchpool #BTC Crypto traders are selling Bitcoin, but whales accumulated in droves over the 48 hours ending by lunchtime in Washington D.C. as regulators at the SEC and on Capitol Hill consider how to manage the unstoppable surge of blockchain cryptocurrencies in the 2020s from making new investors wealthy too fast by investing in cartoon dogs and cats like Ethereum $KAI.The smart money knows what to do in a dip driven by the news cycle amid a more long-term bullish trend. They thank their lucky stars for the opportunity and buy that fantastic dip.

According to Coinpedia Wednesday, citin

Santiment data:The large whales with 1000 to 10,000 BTC in their wallets have collectively accumulated nearly $941 million worth of BTC over the past 24 hours, rebounding to their highest holding level in the past 2 weeks.

Will they buy the meme coin dip next, or will this buying opportunity get even cheaper by the end of this week?

Either way, new altcoin projects like PopCat $POPCAT, DogWifHat (WIFUSD), and Kai Cat have been delivering cryptocurrency investors some of the most eye-popping gains over the past several months.While base layer tokens like Bitcoin and Ethereum are benefiting greatly from their supply/demand economics against the dollar, meme tokens have been leading gains in the segment since quarter four last year when the Bitcoin ETF rally started.

That makes meme coins a very attractive option for short-term day traders and long-term saver-investors who aren’t too averse to taking a calculated risk for incredible returns on their principal. This week PopCat is on sale with the rest of the meme coin market for a bargain price on crypto exchanges. For example, even after falling to $0.44 from its May 4 high of $0.64, Solana PopCat is still up 2,445% since Jan. 1, turning every $100 invested into $2,500 this year so far. All it would have to do is go back up to its recent high from just a couple of days ago to return some 45% to investors at Wednesday’s price.