The cryptocurrency market is showing little to no signs of a near recovery.
Top 10 crypto lists took another hard hit yesterday, with Bitcoin hitting a $55,000 level again, right when things started to take a turn for the better.
This volatility is making it hard to place a solid and well-thought-out prediction considering that neither bulls or bears are holding a firm grip on control.
With that said, some whale investors are betting on the bullish outcome, and pouring money hand over fist into Bitcoin, Ethereum, XRP, and even a new meme coin presale – Pepe Unchained ($PEPU).
While there’s no way to tell exactly what’s going to happen, monitoring and replicating whale wallet’s movements has proved to be smart tactics in the past.
Let’s see why they decided to put their trust into these projects in particular.
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Whales Pour Millions into BTC and Altcoins Amid Market Dip
Whales are wasting no time snapping up Bitcoin during the recent market dip, making some pretty bold moves in the crypto world.
Take, for instance, data from Lookonchain: one whale just dropped over $30 million to snag 545 BTC, bringing his total stash to 862 Bitcoin in just three days. His average buy-in price? $56,993, showing he’s betting big on Bitcoin bouncing back.
A whale bought 545 $BTC($30.82M) again after the $BTC price dropped!This whale has bought 862 $BTC($49M) from the bottom at an average price of $56,993 in the past 3 days.Address:bc1qg32kay34ma85prkvxwtx3gxlm9w5yaeffz8djs pic.twitter.com/qu2eesnqMk
— Lookonchain (@lookonchain) September 4, 2024
Another whale is making even bigger moves, having poured $136 million into Bitcoin over the last week, racking up a total of 2,322 BTC. That puts his total holdings north of $500 million.
Clearly, he’s not holding back and is one of the biggest buyers during this dip.
Meanwhile, over in Asia, investors are also taking advantage of the lower prices. Whale Alert spotted a huge 3,000 BTC being moved from Huobi in three separate transactions, pointing to some serious buying activity on that side of the globe.
Even meme coins aren’t being left out. Pepe is getting a ton of attention from smart money investors. A trader on Bybit scooped up over $64 million worth of PEPE after it dropped in price.
All of this whale action is happening as Bitcoin starts to bounce back, now trading around $56,200 after dipping to a low of $55,600 yesterday, marking a solid 4% recovery.
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Pepe Unchained Raises $12 Million in Presale, Drawing Big Whales and Smart Money Investors
The demand for new crypto ICOs is still going strong, and Pepe Unchained (PEPU) is definitely standing out, having raised almost $12 million in its presale, even with the market being all over the place right now.
Whales aren’t wasting any time jumping in, either. One whale bought around $27,000 worth of PEPU, and another doubled down with a $57,000 investment. This kind of activity is showing just how much interest there is in the meme token’s potential.
And it’s not just the whales. Smart money traders are getting involved, too. Cilinix Crypto, a well-known trader with 66k YouTube subscribers, recently said he’s made a big investment in Pepe Unchained. And ClayBro, who’s got over 130k subscribers, has been talking about how the meme coin could deliver 100x returns for early investors.
The excitement around Pepe Unchained isn’t just about it being a meme coin, though. Its Layer-2 blockchain, built to run on Ethereum, gives users super low-cost transactions and solid staking rewards.
This ETH-compatible tech is really catching people’s attention, with big names like Cointelegraph and CoinMarketCap covering the project.
As the bull market picks up, Pepe Unchained’s mix of meme fun and real tech could make it one of the top tokens to watch.
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Pepe Unchained Sprints to a $15,000,000 Presale Goal
As we mentioned earlier, Pepe Unchained has just hit another big milestone, raising $12 million in its presale. With PEPU tokens currently priced at $0.0095362, investors don’t have a lot of time left to get in before the price goes up in the next 48 hours.
The team’s next goal is to reach the $15 million mark, and after that, they’re aiming to launch PEPU on a decentralized exchange (DEX) before the end of the year. This should give the token a big boost in visibility and make it easier for people to trade.
But honestly, the most exciting part is the upcoming launch of the Pepe Chain. It’s a Layer-2 solution designed to deal with Ethereum’s usual speed and cost problems. This could mean way faster transactions and lower fees, which would be a huge win for the platform.
With the buzz building on Twitter and Telegram, it’s pretty clear that Pepe Unchained is heading for a strong finish to 2024.
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What is Pepe Unchained?
Pepe Unchained’s presale has been the topic of conversation in the crypto space for 2024. Seriously, it’s been everywhere—whether on news sites or talked about by YouTube influencers.
But in case you’ve been living under a rock for the past few months, let’s break down what all the buzz is about with $PEPU.
So, what exactly is Pepe Unchained? Well, to put it simply, it’s a meme coin with a twist—it’s got its own Layer-2 blockchain called the “Pepe Chain.”
While most meme coins are still stuck using Ethereum’s mainnet, Pepe Unchained is looking to skip past Ethereum’s high fees and slow speeds by doing things a little differently.
According to their whitepaper, Pepe Chain promises to be up to 100 times faster than Ethereum. This is a pretty big deal for meme coin traders who are tired of waiting for transactions to go through or watching their profits get eaten up by gas fees.
On top of that, Pepe Unchained will have instant bridging between Ethereum and Pepe Chain, making it super easy to move between the two. Plus, there’s also a block explorer in the works that should help make everything more transparent and user-friendly.
What makes Pepe Unchained so special is that it’s not just riding the meme hype train. The team seems pretty focused on real tech innovation, which could really change how meme coins are traded and developed.
If it all goes to plan, this project could make trading smoother for everyone involved.
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Conclusion
The crypto market all over the place right now, but Pepe Unchained is still managing to grab attention with its Layer-2 blockchain and strong presale.
It’s got fast transactions, lower fees, and whales plus smart money traders backing it. You can really see why people are excited about its potential.
If you’re thinking about jumping in on a meme coin that’s more than just a fad, this might be the moment—before prices go up and Pepe Unchained really starts taking off.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
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