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Whales exchange BTC for ETH + new memecoins: Pepe Unchained sells US$55 million
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You holders of more than 120 thousand Ethereum (ETH) cryptocurrencies They smiled again this week. The second largest cryptocurrency by market value rose 15% recently. The growth may be linked to the movement of whales. This is because these large investors are shifting their purchasing focus from Bitcoin to the cryptocurrency created by Canadian Vitalik Buterin.
According to the Whale Alert profile, whales acquired this Thursday (28), around $30 million in Ethereum together with Binance. The acquisition of whales was one of the main contributions to the trading volume of the ETH rose 400% in less than a month to around $46 billion. This movement had already been predicted by the profile BTCBlueWhaler on X.
On November 7th, when the cryptocurrency was ranging between US$2,600 and US$2,800, the investor published an analysis of ETH charts suggesting that if the cryptocurrency broke above US$2,800, the trend would be upward in the coming months. For the author of the analysis, the time has come to invest in ETH and leave BTC a little aside.
It is true that cryptocurrencies are still far from their historic record of US$4,850.00 reached in November 2021. However, after the declining quarter of August, September and October, it rose again after the election of Donald Trump. In the last 30 days alone, ETH has seen 37% growth, half the growth it had in the 12 months.
ETH movement by whales
In the last 30 days, ETH has increased by 37%, while in the last year, the increase has been 78%. Despite this growth, Ethereum is still 26% below its all-time high. This suggests there may be room for further appreciation.
One of the main factors that may be contributing to the appreciation of Ethereum is the recent approval of Ethereum ETFs by the US Securities and Exchange Commission (SEC). Furthermore, the recent Dencun update that expanded network capabilities in addition to improving Ethereum’s interoperability, it excited investors.
It is common knowledge in the market that when an altcoin enters an upward trend, other cryptocurrencies benefit. This phenomenon is called the “herd effect”, where the enthusiasm around an altcoin ends up infecting the market. Market opportunities, at low prices, such as Pepe Unchained, could be an interesting choice.
The memecoin, which is in the pre-sale phase, reached the mark of US$55 million raised. Each $PEPU token is worth US$0.01295 and the pre-sale ends in 14 days. Even though it is an opportunity, it is not recommended to make investments beyond what you can afford. Furthermore, there are other memecoins in the pre-sale phase that may be more interesting. Do your own research and invest responsibly.
Whales exchange BTC for ETH + new memecoins: Pepe Unchained sells US$55 million
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Whales exchange BTC for ETH + new memecoins: Pepe Unchained sells US$55 million
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Whales exchange BTC for ETH + new memecoins: Pepe Unchained sells US$55 million
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Whales exchange BTC for ETH + new memecoins: Pepe Unchained sells US$55 million
