Whales ditch Pepe as crypto investors switch to new memecoin ICO
Release: 2024/08/17 01:29 Reading: 375
Whales Dive Out of Pepe Coin, While Newcomers Like Pepe Unchained Gain Traction
In the midst of market uncertainty, whales are divesting from large-cap memecoins such as Pepe. However, new projects like Pepe Unchained are attracting significant attention.
Selling Spree among Pepe Whales
Large investors, known as whales, are cashing out their Pepe holdings for profits. One trader recently offloaded 420 billion tokens worth $3.16 million, barely breaking even after purchasing them at $3.13 million earlier this month. Another unfortunate investor realized losses of over $2 million after buying Pepe at its peak and liquidating $4 million at a loss on Wednesday.
Shift toward Pepe Unchained
As investors abandon Pepe, they are moving toward newer memecoins with unrealized potential, such as Pepe Unchained. This project has a unique proposition: it's the first memecoin to have its own blockchain.
Factors Dampening Pepe's Price
Several negative factors have contributed to Pepe's price decline, including global tensions, market volatility, and concerns about potential regulatory changes. This has led to significant selling pressure from smart money investors.
Opportunities within Pepe Unchained
Despite Pepe's challenges, its strong brand recognition and the rise of Pepe Unchained present opportunities for investors. Pepe Unchained is building an Ethereum Layer 2 network with low fees and fast transactions, creating a platform for memecoin growth and utility.
Smart Money Rotation
Liquidity is flowing from large-cap memecoins to small-cap ones like Pepe Unchained, which are less influenced by economic and geopolitical events. Renowned analyst Cilinix Crypto has highlighted the momentum and potential of Pepe Unchained, investing in its presale.
Presale Details
Pepe Unchained's presale is currently ongoing, offering tokens at a discounted rate of $0.0090901. Investors can visit the presale website for more information.
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