Meme coin whales are actively accumulating Pepe Unchained, GOAT, GIGA, MooDeng, and others, expecting prices to rally in the next leg of the cycle.
Bitcoin (BTC)
Price Trading volume in 24h Last 7d price movement might be on the cusp of reversing recent gains, dipping below $66,000. However, this time, there is a “decouple.”
Meme coins like Dogecoin outperform the world’s most valuable coin, and numbers don’t lie.
While DOGE
Price Trading volume in 24h Last 7d price movement is up +10% in the past week of trading, BTC struggles for momentum, dropping -2% in the same period.
( BTCUSDT )
What’s been happening in the past few days is why whales are rushing to buy meme coins.
After all, there is reason to believe that meme coins could be the next big thing–and the names won’t disappoint.
Meme Coin Season: Whales Scrambling To Buy
As the total meme coin market cap rises to record highs, breaking $74 billion at press time, on-chain analysts are picking up heightened whale activity.
One Solana whale is not leaving anything to chance.
Onchain data shows that the whale moved 32,695 SOL from Binance to a new wallet and began buying the following meme coins:
( Source )
- GOAT: The token has already risen 50X since launching a few days ago and is on fire. Believing the AI token is undervalued, the whale poured in 18,000 SOL worth $3.39 to buy 6.95 million GOAT tokens.
- GIGA: GIGA is also ripping higher, defying gravity at press time. Although the token is down slightly from its all-time high, it is up an impressive 75x from its all-time lows. The whale bought 31.71 million GIGA for $2.08 million, spending 11,750 SOL.
- FWOG: It might be a periphery meme coin, but it is fast-rising. It is up 90% at press time, explaining the excitement and the whale’s move to buy 1.98 million FWOG, swapping 2,900 SOL.
( GOAT x GIGA x FWOG )
But this investor is not the only one. One analyst noticed that another whale was eyeing MooDeng.
Admittedly, MooDeng has been on the news and is billed as one of the top meme coins to buy.
The resulting hype might have provided exit liquidity for some smart traders, explaining the recent dip.
Not everyone believes the MooDeng rally is over.
Yesterday, the whale scooped 4.59 billion MOODENG for over $420,000.
Pepe Unchained Raises Over $22 Million
Amid this upswing in interest, Pepe Unchained will gradually become one of the top presales in October 2024.
Whales are noticing and looking at the bulk PEPU purchases in the past day.
( Source )
The platform aims to build an Ethereum layer-2 for meme coins, explaining the spike in interest during this meme coin season.
Unlike Base or Arbitrum, the off-chain solution, dubbed Pepe Chain, is expressly dedicated to meme coins, nothing else.
It guarantees fast execution, higher scalability, and an active ecosystem of quality meme coins.
Despite the early market lull, the Pepe Unchained presale has raised over $22 million–and continues to climb.
Unlike Bitcoin, which sells for thousands of dollars and is out of reach for most would-be investors, PEPU is currently available for just $0.01176.
What’s more? PEPU can be staked, earning presale investors a decent APY of 103% .
Some analysts on YouTube believe PEPU will rally on DEX listing, securing a spot in the top 10 most valuable meme coins.
Rest assured that Pepe Unchained’s smart contract has undergone thorough audits by Coinsult and SolidProof , confirming that no critical issues were found.
Stay updated on the latest developments and announcements by joining the project’s community on X and Telegram .
Visit Pepe Unchained
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