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Cryptocurrency News Articles

XRP Whales Bought Over $1.6B Worth Of XRP In The Past Weeks, But Meme Coins Will Likely Outperform It During The Altcoin Season

Dec 03, 2024 at 06:57 pm

XRP is now the top trading coin on CryptoMarketCap, gaining over 90% in the past week, and an astonishing 423% in the past month! The gains were mostly due to a massive buy-in by crypto whales who bought over $1.6 billion worth of XRP tokens in the last 30 days.

XRP Whales Bought Over $1.6B Worth Of XRP In The Past Weeks, But Meme Coins Will Likely Outperform It During The Altcoin Season

XRP’s recent price surge has made it the most traded cryptocurrency, according to CryptoMarketCap. The token has seen a 90% gain in the last seven days and a remarkable 423% increase over the last 30 days. This surge is largely attributed to massive purchases by crypto whales, who have acquired over $1.6 billion worth of XRP tokens during that period.

As noted by a leading on-chain analytics company, Sentiment, in a recent post, the biggest buyers were wallets that already held between 1 and 10 million XRP. These wallets collectively accumulated nearly 680 million tokens over the last three weeks.

Currently, the number of wallets holding XRP stands at over 5.5 million. Keeping an eye on the behavior of these whales is crucial, especially if you have XRP in your portfolio, given their significant influence on the token's pricing.

The "whale cohort" added over 680 million tokens to their holdings throughout November, for a total of just under $1.66 billion, according to the report. This buying spree contributed to a strong bullish momentum that could extend into early 2025.

As XRP tokens become increasingly expensive, their gains are expected to slow down in the near future. Hence, if you're looking for cryptos with the potential for higher gains, especially for smaller traders, you might want to consider other options.

If that's the case, you're better off investing in cheap meme coins that are set to launch in the coming months. Let's explore some of your best choices:

Pepe Unchained – The Highest-Grossing Meme Coin Presale Of All Time

When it comes to meme coin launches, Pepe Unchained is poised to claim the top spot within the next 10 days, as it's projected to raise over $80 million by the time it goes live. This would place it far ahead of any meme coin presale to date and could lead to a 100X price pump or higher in the following weeks.

The project is unique as the first Layer 2 meme coin solution built on its own blockchain. As such, it offers transaction speeds 100 times faster than Ethereum at much lower gas fees.

Moreover, the project is built on its own dedicated blockchain, which will serve as the base for new meme coins in the future. The so-called Pepe's Pump Pad is a built-in feature that could bring hundreds of new L2 meme coins to the market. The best part is that anyone can create their own coins with just a few simple clicks.

The ongoing $PEPU token presale has now raised over $66.5 million, with nearly $3 million raised in the past 24 hours alone. These are truly incredible numbers, and according to popular crypto influencers such as CryptoNews, $PEPU is about to result in 10 to 100X gains post launch. The presale is ending in 10 days so don’t miss your chance to invest early!

CatSlap – Cat-Inspired Meme Coin Pumping Since Launch

CatSlap is the latest cat-inspired meme coin that went live quietly last week. The token launched on Dexscan, with a modest market cap of around $1 million, pumping to over $31 million just hours later. It then entered a price correction period, followed by another pump that pushed it back to above $21 million, where it stands right now.

The project is a true meme coin designed just for fun and laughs, but it's also showing huge potential as it becomes more and more popular among meme coin enthusiasts. It has partnered with Best Wallet since its launch, which allowed it to climb the ranks, and investors are now lining up to buy $SLAP tokens in bulk.

However, apart from its humorous nature, CatSlap introduces a P2E game where the goal is to make your cat slap the most in a limited period of time. If you manage to climb the leaderboards, you will earn free $SLAP tokens as a reward.

Crypto All-Stars – Revolutionary Meme Coin Staking Project Preparing For Explosive Gains

Crypto All-Stars is another high-gain potential meme coin still available in presale. As stated by the official website, it's a meme coin project that “brings all memes under one roof,” and it does so by introducing a revolutionary staking protocol that allows users to stake up to 12 different meme coins to earn native $STARS tokens in return.

The project will launch with support for 12 popular memes including DOGE, SHIB, BRETT, FLOKI, and others, with more becoming available in the upcoming months. Users will, therefore, be able to stake their memes to earn a reward without any risk, which makes Crypto All-Stars an excellent choice for long-term meme coin holders. Moreover, if you decide to stake native $

News source:bravenewcoin.com

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Other articles published on Dec 04, 2024