{"id":572911,"date":"2024-09-04T15:19:57","date_gmt":"2024-09-04T15:19:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=572911"},"modified":"2024-09-04T15:19:57","modified_gmt":"2024-09-04T15:19:57","slug":"whales-snap-up-btc-on-the-dip-as-fomo-drives-over-11-9m-into-pepe-unchained","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/whales-snap-up-btc-on-the-dip-as-fomo-drives-over-11-9m-into-pepe-unchained","title":{"rendered":"Whales Snap Up BTC On The Dip As FOMO Drives Over $11.9M Into Pepe Unchained"},"content":{"rendered":"

Whales have seized the opportunity to accumulate more Bitcoin ($BTC) as the cryptocurrency slid to $55,500 on Tuesday. At the same time, these major investors have also turned their attention to the latest and best iteration of Pepe, Pepe Unchained ($PEPU)<\/a>.<\/p>\r\n\r\n\r\n\r\n

In just two days, the presale for Pepe Unchained has raised an additional $400,000, bringing the total funding to over $11.9 million and placing the $12 million milestone within reach in the next few hours. Notably, $85,000 of this influx came from just two wallet addresses, signaling that whales are aggressively acquiring $PEPU while the project is still in presale.<\/p>\r\n\r\n\r\n\r\n

Furthermore, the surge in investor interest highlights the increasing awareness of Pepe Unchained in the crypto market. Its Layer 2 chain, which brings faster and cheaper transactions to Pepe ownership, holds a strong bid against its predecessor, Pepe ($PEPE), to become the leading froggy meme coin in the industry.<\/p>\r\n\r\n\r\n\r\n

Investors continue to rush to Pepe Unchained’s presale to secure the token at its discounted rate. One $PEPU is currently worth $0.0094982 but will soon jump to $0.00953620 in less than 35 hours as the presale wraps up another funding round.<\/p>\r\n\r\n\r\n\r\n

So despite September being historically the worst month for crypto, the influx of capital into $BTC and $PEPU suggests that investors are positioning themselves for a more thrilling Q4, which is traditionally the strongest period for crypto.<\/p>\r\n\r\n\r\n\r\n

A Crypto Whale Bought BTC Worth $19 Million<\/h2>\r\n\r\n\r\n\r\n

Bitcoin took a 2.77% dive on Tuesday, nearly erasing its gains from Monday.<\/p>\r\n\r\n\r\n\r\n

But amid the downturn, whales are actively buying the dip. One whale wallet added $19 million to its five-day buying spree, bringing its total BTC purchases to $136 million. This increased its total holdings to 8,881 BTC, valued at $523 million, according to Lookonchain data.<\/p>\r\n

<\/p>

This whale bought 322.37 $BTC<\/a>($19M) again 1 hour ago.

He bought 2,322.37 $BTC<\/a>($136M) in 5 days and currently holds 8,881 $BTC<\/a>($523M).

Address:
3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN pic.twitter.com\/JcdZGaqYJy<\/a><\/p>— Lookonchain (@lookonchain) September 3, 2024<\/a><\/blockquote>