Ethereum Whale Swaps Fraction of His $130M ETH Bag for Shiba Inu (SHIB), PEPE Coin, and Another Penny Crypto Under $0.08, Here’s Why
Release: 2024/10/11 19:24 Reading: 365
- Original author：TheNewsCrypto
- Original source：https://thenewscrypto.com/?p=110497
Continued Crypto Boom: Whales Invest in Meme Coins and Enigmatic Projects
As the cryptocurrency sector continues to boom, whales—high-value investors holding significant amounts of crypto—are exerting their influence on market movements. Recently, an Ethereum whale with an impressive $130 million ETH portfolio has stirred up the market by reallocating investments into meme coins and emerging blockchain projects.
Shiba Inu (SHIB)
Shiba Inu, the "Dogecoin Killer," has been a prominent meme coin in the crypto space. Its loyal fanbase and DeFi project, ShibaSwap, have widened its appeal to investors. While it faced a brief price drop in 2024, it has since recovered and currently trades above $0.0000200. Experts predict a 34% growth in October, potentially reaching $0.0000221. SHIB's inclusion in the whale's portfolio signals confidence in its potential for substantial returns.
PEPE Coin (PEPE)
Another meme coin gaining attention from the Ethereum whale is PEPE. Boasting a dedicated fanbase and partnerships, its value has surged by over 100% in recent months. As of October 2024, PEPE trades around $0.000013, with a 30% increase in trade volume. Analysts project a remarkable 28,000% surge to $0.0005. PEPE's position as the 22nd-ranked cryptocurrency and potential to surpass its previous high point in 2024 make it an attractive investment.
Rexas Finance (RXS)
Beyond meme coins, the Ethereum whale has also invested in Rexas Finance, an emerging star in blockchain. REX focuses on bridging the gap between Real World Assets (RWA) and blockchain through asset tokenization. Its presale has been highly successful, raising over $2.75 million. Early investors are optimistic about the token's potential to multiply up to 45 times by early 2025. The whale's backing and Rexas Finance's unique model, including its $50,000 USDT giveaway, make it a promising investment opportunity.
Conclusion
The Ethereum whale's investments in Shiba Inu, PEPE Coin, and Rexas Finance demonstrate growing confidence in the potential of these altcoins. Shiba Inu has a long way to go to reach its all-time highs, PEPE is on a rapid ascent, and Rexas Finance offers an innovative and lucrative opportunity in asset tokenization. Crypto investors seeking high returns may consider emulating the whale's strategic moves.
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