Altcoin
Pepe Unchained Investors Flock Towards New Gambling Memecoin Mpeppe For Big Profits
As the cryptocurrency landscape continuously shifts, investors are perpetually on the lookout for groundbreaking opportunities that promise significant returns. In the vibrant world of meme coins, Pepe Unchained (PEPU) has recently become a focal point due to its distinctive approach and technological advancements. However, a new contender, Mpeppe (MPEPE), is swiftly gaining attention as the next potential game-changer in the market, particularly among those who have already seen success with Pepe Unchained (PEPU).
Pepe Unchained (PEPU) – A New Standard in Meme Coins
Pepe Unchained (PEPU) has managed to carve out a niche in the highly competitive meme coin market by doing more than just capitalizing on meme culture. What sets PEPU apart from its rivals is its development on an independent Layer-2 network that has been specifically optimized for meme coin transactions. This network offers unparalleled transaction speeds, reduced costs, and an easy-to-use interface that integrates smoothly with the Ethereum mainnet.
The allure of PEPU lies in its ability to fuse the playful appeal of meme coins with robust blockchain technology. Investors who got in early on Pepe Unchained (PEPU) have been particularly drawn to its “Double Staking” feature, which provides a highly attractive annual return. This feature has already seen a substantial number of PEPU tokens being staked, solidifying the project’s reputation for offering both high returns and long-term viability.
Mpeppe (MPEPE) – The Next Big Thing in Gambling Memecoins
While Pepe Unchained (PEPU) has set a new standard for meme coins, savvy investors are already looking ahead to the next big opportunity. Enter Mpeppe (MPEPE), a gambling-focused memecoin that promises big profits for those who get in early.
Mpeppe (MPEPE) has garnered significant attention thanks to its innovative approach to combining meme coin culture with the lucrative world of online gambling. As the gambling industry continues to grow, Mpeppe (MPEPE) aims to tap into this market by offering a unique and engaging experience for its users. The token’s smart contract address is: 0xd328a1C97e9b6b3Afd42eAf535bcB55A85cDcA7B
The rapid success of Pepe Unchained (PEPU) has undoubtedly paved the way for Mpeppe (MPEPE), and many investors see this new gambling memecoin as a natural progression in their investment journey. With Pepe Unchained (PEPU) already demonstrating the potential for significant returns, Mpeppe (MPEPE) offers an additional avenue for profit, especially for those looking to diversify their portfolios.
Why PEPU Investors Are Flocking to Mpeppe (MPEPE)
The appeal of Mpeppe (MPEPE) lies in its potential to deliver substantial returns, much like its predecessor PEPU. With the gambling industry booming and the continued rise of meme coins, Mpeppe (MPEPE) is poised to capture the attention of both new and seasoned investors.
Moreover, the transition from Pepe Unchained (PEPU) to Mpeppe (MPEPE) is a strategic move for investors looking to capitalize on the momentum generated by Pepe Unchained (PEPU). By diversifying into Mpeppe (MPEPE), investors can mitigate risk while maximizing potential returns, creating a balanced and profitable investment strategy.
As Mpeppe (MPEPE) prepares to make its mark in the crypto world, early investors are positioning themselves to take full advantage of what could be one of the most exciting opportunities of the year. With PEPU leading the charge and Mpeppe (MPEPE) following closely behind, the future looks bright for those who act quickly and decisively.
The Road Ahead
Both Pepe Unchained (PEPU) and Mpeppe (MPEPE) represent the cutting edge of meme coin innovation, offering investors a chance to be part of something truly groundbreaking. As the presale for Mpeppe (MPEPE) continues, and with PEPU’s success still fresh in the minds of investors, the opportunity to secure a position in these promising projects is now.
In conclusion, for those looking to maximize their profits in the ever-evolving world of meme coins, adding Mpeppe (MPEPE) to their portfolio alongside Pepe Unchained (PEPU) is a strategic move that could pay off handsomely.
For more information on the Mpeppe (MPEPE) Presale:
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https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto.
PENDLE Price Jumps 8% Amid Bullish Whale Transactions
As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively.
On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount.
Here Are The PENDLE Whale Addresses Captured:
-0x21fBA58b20f62397c015b1f5a15f742ad430dFA
-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
-0x981D8856f572Fb076626265114EAD67697dA5501
-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6
Why Are Whales Accumulating?
Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month.
As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities.
Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing.
Can Bullish Developments Fuel Bull Run Ahead?
Usual market sentiments continue to tilt in favor of bulls, given the Coinbase listing and rising whale accumulations. Further, a renowned crypto market trader has poured additional optimism surrounding the coin’s future price action with his bullish prediction.
Analyst AMCrypto recently took to X, revealing that PENDLE price is forming an “inverse head and shoulder pattern.” This pattern formation suggests that a potential trend reversal from bearish to bullish is brewing amid bullish advancements.
In light of this dynamic, the analyst predicts that a break above $3 paves the way for a massive rally ahead. As mentioned above, the coin is currently trading above this price level. As a result, market watchers continue to weigh further bullishness on the asset’s long-term price prospects.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Asset manager VanEck has registered for a proposed BNB exchange-traded fund (ETF), the latest among the list of its new crypto ETF filings. As a result, the trading volume for BNB Coin has shot up by 42% to more than $2.12 billion, as analysts are now closely watching for a BNB price rally to all-time highs.
In BNB Price Ready for A Mega Rally?
BNB Coin has performed relatively well over the past month compared to Bitcoin and other altcoins. While BTC and top altcoins like ETH, SOL, XRP saw double-digit losses in March, BNB Coin is down just 1% on the monthly chart. After a strong consolidation of around $610 levels, the BNB price could be eyeing a strong breakout to new all-time highs.
BNB Burn and Pascal Hardfork Offer Support
BNB Coin features a real-time burn mechanism that permanently removes a portion of gas fees from circulation. Over the past seven days, 951.85 BNB worth $571,747.74 was burned, contributing to a total burn value of nearly $160 million, as per data from BNBBurn.
BNB’s price recently gained momentum following the implementation of the Pascal hard fork, which enhanced its compatibility with Ethereum. The network is preparing for additional hard forks this month and in June, aimed at further improving transaction speeds.
Additionally, BNB Chain is gaining a lot of popularity among meme coins, adding support for Mubarak meme coin, CZ’s Dog BROCOLLI meme coin, and others.
Looking at the technical setup, the BNB price chart shows that the altcoin is forming a cup-and-handle pattern, along with an ascending channel pattern formation, as shown in the image below.
On the other hand, BNB price is trading above the 50-day moving average, which is a positive indicator. But for the altcoin to kickstart a rally to its all-time high of $790, it must first complete the handle formation at $662, and give a breakout above that level.
As of press time, BNB Coin is trading at $603 levels with its daily trading volume up by 42%, surging past $2.12 billion. Furthermore, the Coinglass data shows that the BNB options trading volume is also up by 46%.
VanEck Files for Spot BNB ETF
$115 billion asset manager VanEck filed for the spot BNB ETF in Delaware on Tuesday, April 1, which could serve as a major catalyst for the BNB Coin rally ahead. The proposed BNB ETF would follow the price of BNB, the fifth-largest cryptocurrency by market capitalization.
Apart from BNB, VanEck has already submitted crypto ETF applications for Bitcoin, Ether, Solana, and Avalanche. VanEck filed for SEC approval last month to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Tether, the developer of USDT, has added 8,888 Bitcoins to its holdings valued at around $735 million at the time of the transaction. This latest market move by the popular stablecoin issuer was reported by Arkham.
In a snapshot offered by Arkham on its official website, it revealed that the stablecoin company withdrew 8,888 Bitcoins from Bitfinex, a leading exchange and Tether’s sister company, on Monday.
Source: Arkham
Tether’s latest transaction pushes its Bitcoin holdings to 92,647, valued at $7.7 billion at current market prices. With this latest boost to its crypto holdings, Tether remains one of the biggest Bitcoin holders in the industry.
Tether Slowly Builds Its Bitcoin Reserve
In the last few weeks, Bitcoin was the among the main agenda of US President Donald Trump for a Strategic Bitcoin Reserve (SBR). But last Monday, Tether made its presence felt by adding more Bitcoins to its already huge crypto reserve.
Tether’s crypto reserve is one of the biggest in the business as it’s used to back up its stablecoin, the USDT. Currently, Tether controls over5 60% of the total stablecoins market, with a market cap of $144 billion, compared to a total of $234 billion valuation for the whole stablecoin industry.
Tether’s latest transaction puts it in the big league, making it the sixth biggest holder of Bitcoin. According to Bitcoin Treasuries, Tether is the second-largest private holder of the asset, below Block.one. But if we zoom out and consider other entities and publicly-traded companies, Strategy (formerly MicroStrategy), and the top spot Bitcoin ETFs issuers beat Tether’s holdings.
Commitment To Invest In Bitcoin
Tether’s latest Bitcoin acquisition reflects the company’s commitment to Bitcoin. Interestingly, the company pledged to use a part of its net profit to buy additional Bitcoins. The company committed last May 2023, and stated that it will use 14% of its net profits to buy additional Bitcoins.
Tether’s most recent Bitcoin purchase was 8,404, which was made last December, which pushed its holdings to 83,759.
$1B USDT Into Reserves
Tether’s latest Bitcoin purchase coincided with the minting of fresh tokens. According to on-chain data, the stablecoin company minted $1 billion in tokens on Tron. Tether CEO Paolo Ardoino has confirmed the minting of a new USDT.
According to Ardoino, the minting of new USDT was authorized, but he insisted that this batch is not yet included in the circulation. They added that the newly minted USDT is now part of their inventory and will be used for future issuance requests. Tether has already minted $8 billion tokens on Tron since the start of the year, and recorded $22 billion worth of USDT minted last year.
Featured image from Pixabay, chart from TradingView
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