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Whales took advantage of the opportunity to accumulate more Bitcoin (BTC) as the cryptocurrency fell to $55,500 on Tuesday. Meanwhile, these major investors also turned their attention to the latest and greatest version of Pepe, Baby Unlimited ($PEPU).
In just two days, the Pepe Unchained presale has raised an additional $400,000, bringing the total funding to over $11.9 million and putting the $12 million milestone within reach in the next few hours. Notably, $85,000 of this inflow came from just two wallet addresses, indicating that whales are aggressively holding onto $PEPU while the project is still in the presale phase.
Moreover, the surge in investor interest highlights the growing awareness of Pepe Unchained in the cryptocurrency market. Its layer-two chain, which brings faster and cheaper transactions to Pepe holders, has a strong showing against its predecessor, Pepe ($PEPE), to become the industry’s leading meme coin.
Investors continue to rush to buy Pepe Unchained to get their hands on the token at its discounted price. One PEPU is currently worth $0.0094982 but will soon rise to $0.00953620 in less than 35 hours as the presale wraps up another funding round.
Although September has historically been the worst month for cryptocurrencies, the inflow of capital into $BTC and $PEPU suggests that investors are gearing up for a more exciting fourth quarter, which is traditionally the strongest period for cryptocurrencies.
Crypto Whale Buys $19 Million Worth of Bitcoin
Bitcoin fell 2.77% on Tuesday, nearly erasing Monday’s gains.
But amid the slowdown, whales are actively buying the dip. One whale wallet added $19 million to a five-day buying spree, bringing its total bitcoin purchases to $136 million. That brought its total holdings to 8,881 bitcoin, worth $523 million, according to Lookonchain data.
This whale bought 322.37 Bitcoin($19 million) again 1 hour ago.
Bought 2,322.37 Bitcoin($136 million) in 5 days and currently holds 8881 Bitcoin($523M).
address:
— Luke Chain (@lookonchain) September 3, 2024
3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN pic.twitter.com/JcdZGaqYJy
On the same day, another whale, dubbed “Mr. 100” by crypto influencer Lark Davis, bought 300 bitcoins, worth about $17 million. The moves underscore that big investors are already increasing their exposure in anticipation of better months ahead.
But as we mentioned, it’s not just Bitcoin that every bear has in mind.
Pepe Unchained is growing in popularity, week after week, and has also seen its fair share of relatively large purchases for a project that just celebrated its third month of existence.
One transaction involved the purchase of 24.4 ETH worth $56,289.81, while another transaction involved 10.8 ETH worth $25,990.65.
Ethereum Transaction Hash Details (Txhash) | Etherscan
Ethereum Transaction Hash Details (Txhash) | Etherscan
However, this is not the first time. Baby is not tied It caught the attention of whales. In July, Nearly $200K invested in PEPU With just one wallet address.
Whales also seem to sense the market demand for Pepe without Ethereum’s legacy restrictions on ownership (e.g. high gas fees, slow transactions), which has led to the project’s pre-sale funding reaching record levels.
PEPU price may rise 100 times faster than expected
Pepe Unchained’s 100x potential lies in its blockchain technology, which the project has hinted is nearing launch.
According to its website, the Layer 2 launch will happen after the pre-sale ends, suggesting that development may be nearing completion.
Pepe Unchained Layer 2 not only addresses the oddities of Ethereum-based Pepe ownership, but also positions itself as a new meme coin launchpad for other tokens with similar meme appeal, all while leveraging the underlying security of the Ethereum blockchain.
While September may be the most challenging month for cryptocurrencies, Baby is not tiedThe bullish outlook for $PEPU is in line with the industry’s stronger Q4 forecast. This is especially true if $PEPU manages to secure a listing on major exchanges — something that looks increasingly likely given the interest it has already received.
Trusted cryptocurrency education platform 99Bitcoins backs this $PEPU price prediction and provides additional details in the video below:
Follow the Smart Money: Why Buying Pepe Unchained Now Might Be a Smart Move
The key to making big gains in cryptocurrency is often to track where the smart money is flowing.
Whales, with their significant influence on market liquidity, are crucial indicators of market trends. Their investment decisions can significantly impact cryptocurrency prices due to their control over a large portion of market liquidity.
Additionally, whales may be companies or exchanges with deeper insights than the average investor, so monitoring their movements, especially when they invest in new projects like Pepe Unchained, can provide valuable signals about potential opportunities.
If you’ve been following the smart money flowing into Pepe Unchained, this is your chance to get involved. Visit Project locationConnect your wallet and buy $PEPU using ETH, USDT or BNB. Credit cards are also accepted.
Pepe Unchained has been thoroughly audited by Quinsult and hard resistantconfirming that its smart contract is secure and free of critical issues.
Join the Pepe Unchained community on X and cable To stay up to date with the latest news and developments surrounding Pepe Unchained.
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