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Cryptocurrency News Articles
Ethereum (ETH) Whales Turn to IntelMarkets (INTL) and Pepe (PEPE) for Higher Gains by 2025
Oct 10, 2024 at 09:02 pm
This development comes as Ethereum loses its footing, resulting in substantial investor losses. Amid ETH’s decline, INTL and PEPE have emerged
Recent data shows that Ethereum (ETH) whales are turning to Pepe (PEPE) and IntelMarkets (INTL) for higher gains by 2025. This development comes as Ethereum loses its footing, resulting in substantial investor losses. Amid ETH’s decline, INTL and PEPE have emerged as lucrative investment ventures, all set to deliver the best returns to market players in the long run.
ICO Investor Liquidates 40,000 Ethereum as the Bearish Outlook Extends
Blockchain analytic firm Lookonchain has spotlighted an Ethereum whale investor who liquidated 40,000 ETH within the last two weeks. The analytic firm reported this development via an X post on October 4, 2024.
This whale investor, identified as 0xBF4, became a matter of interest after initiating a transfer of 6,000 ETH to the Kraken exchange on the same day. The tokens transferred were valued at a staggering $14.11 million.
Moreover, Lookonchain noted that this investor participated in Ethereum’s Initial Coin Offering (ICO) in 2014, during which they acquired 150,000 ETH worth $368 million. However, they started selling their holding on September 22, with a total of 40,000 ETH valued at $101 million sold so far.
They now hold a balance of 99,500 ETH, valued at $238 million. This sell-off comes on the heels of the ongoing market-wide correction, with Ethereum incurring an 8.59% loss in the last seven days, dropping to $2,441.
Whales Sell Pepe Coin (PEPE) For Short-Term Gains Ahead of 2025
As the meme coin craze continues to sweep the crypto space, dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen massive rallies, leading to gains of over 1,200% and 400%, respectively, in the last three months.
Now, a new meme coin called Pepe the Frog (PEPE) has entered the scene, aiming to follow in the footsteps of its predecessors. This token is designed to capitalize on the popularity of Pepe the Frog memes, which have been circulating online for years.
Launched in August 2023, PEPE is a BEP-20 token built on the Binance Smart Chain (BSC). It has quickly gained traction among cryptocurrency enthusiasts, thanks to its low price and potential for high returns.
According to CoinGecko, PEPE began trading at $0.0000034 on August 23, 2023. It reached an all-time high of $0.000093 on September 21, marking an impressive 27x gain in less than a month.
At the time of writing, PEPE is trading hands at $0.000075, down 20% from its all-time high but still up significantly from its launch price. This performance has caught the attention of “whales” in the cryptocurrency market.
According to recent on-chain data, a whale has sold a total of 100,000,000,000 PEPE, valued at $7.4 million, based on the current market price. This massive sell-off has contributed to a 2.8% decrease in the price of PEPE.
However, despite this sell-off, PEPE remains one of the best-performing tokens in the meme coin category. With a further bull run expected in 2025, PEPE could deliver substantial gains to investors who hold the token for the long term.
Whales Invest in IntelMarkets For the Best Returns By 2025
As whales pull out of Ethereum, data shows an influx of new participants in IntelMarkets’ ongoing presale of INTL, suggesting that investors may be leaning toward this new AI cryptocurrency. IntelMarkets is not only fascinating for its profit potential but also because of its use cases, particularly for futures traders.
Touted as a next-gen platform, IntelMarkets provides cutting-edge tools that will push perpetual contract traders one step ahead of the competition. These resources include AI products and blockchain-based tools to give traders an edge in the volatile crypto market.
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As a blockchain project, IntelMarkets supports Ethereum and Solana. The platform uses the combined strengths of the two blockchains to offer users a smooth trading experience, marked by swift and cost-friendly transactions and the flexibility to trade on their blockchain of choice. Also, traders can boost their potential returns with up to 1,000x leverage options.
The perks attached to interacting with IntelMarkets are countless, down to its ongoing presale, which is now
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