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Ethereum (ETH) News: New ETH ICO Gains Massive Support Ethereum (ETH) Whale
The Ethereum (ETH) ecosystem is buzzing with excitement as a new Initial Coin Offering (ICO) rapidly gains traction, attracting the attention of a major Ethereum (ETH) whale. The ICO in question is for Mpeppe (MPEPE), a project that has quickly risen through the ranks to become one of the most anticipated launches on the Ethereum (ETH) network. With the presale now 84.73% complete, Mpeppe is poised to make a significant impact in the cryptocurrency world, offering a fresh and promising opportunity for investors.
The Rise of Mpeppe: A New Contender in the Ethereum (ETH) Ecosystem
Mpeppe (MPEPE) has been making waves in the Ethereum (ETH) community, thanks to its innovative approach and the growing interest from investors. Built on the robust Ethereum (ETH) blockchain, Mpeppe is designed to capitalize on the decentralized finance (DeFi) movement, offering users a unique platform for trading, staking, and earning rewards. The project’s presale has already seen remarkable success, with over 1.3 billion tokens sold and the current phase nearing completion.
The ICO’s rapid success is largely attributed to its strategic marketing efforts and the buzz generated by its growing community. The use of promo code “MPEPE20,” which offers a 20% bonus to early investors, has further fueled interest, making Mpeppe one of the most talked-about ICOs of the year. With the presale price currently set at $0.001777 per token, Mpeppe presents a low entry point for investors looking to get in on the ground floor of a potentially explosive project.
The Impact of Ethereum (ETH) Whales on Mpeppe’s Success
One of the most significant developments in Mpeppe’s journey has been the involvement of Ethereum (ETH) whales. These large-scale investors, known for their substantial holdings and market influence, have begun to take notice of Mpeppe’s potential. The participation of an Ethereum (ETH) whale in the Mpeppe presale has sent ripples through the crypto community, signaling confidence in the project’s future.
Ethereum (ETH) whales are often seen as market movers, capable of driving significant price movements with their trades. Their interest in Mpeppe is a strong indicator that the project is viewed as a valuable addition to the Ethereum (ETH) ecosystem. This level of support not only boosts investor confidence but also sets the stage for a successful launch once the ICO concludes.
What Sets Mpeppe Apart in the Crowded ICO Market?
In a market flooded with new ICOs, Mpeppe (MPEPE) stands out for several reasons. First and foremost is its strategic use of the Ethereum (ETH) blockchain, which provides a solid foundation for the project’s operations. Ethereum (ETH)’s well-established network offers Mpeppe (MPEPE) access to a vast community of developers, users, and investors, ensuring that the project is built on a secure and scalable platform.
Additionally, Mpeppe (MPEPE)’s focus on decentralized finance is particularly timely. As DeFi continues to grow in popularity, projects like Mpeppe (MPEPE) that offer innovative solutions in this space are well-positioned to attract a dedicated user base. The project’s staking features, combined with its potential for high returns, make it an attractive option for both seasoned crypto enthusiasts and newcomers alike.
Moreover, the project’s transparent and community-driven approach has earned it a loyal following. The development team’s commitment to regular updates and engagement with the community has fostered trust and enthusiasm, further contributing to the project’s success.
The Road Ahead for Mpeppe
As Mpeppe (MPEPE)’s presale approaches the 85% mark, the excitement surrounding the project shows no signs of slowing down. With each phase of the presale, the price of Mpeppe (MPEPE) tokens is set to increase, making now an ideal time for investors to secure their position. The anticipation of the next phase, where the token price will rise to $0.0021, adds a sense of urgency for those looking to maximize their returns.
Looking ahead, Mpeppe (MPEPE)’s future appears bright. The strong backing from Ethereum (ETH) whales, combined with the project’s innovative approach and robust community support, positions it as a potential game-changer in the crypto space. As the ICO nears completion, all eyes are on Mpeppe (MPEPE) to see how it will perform once it hits the open market.
Conclusion: A Strategic Investment Opportunity
For investors in the Ethereum (ETH) ecosystem, Mpeppe (MPEPE) represents a unique and promising opportunity. The project’s rapid success in the presale, coupled with the endorsement of Ethereum (ETH) whales, highlights its potential for substantial returns. As Mpeppe (MPEPE) continues to gain momentum, it is poised to become a significant player in the world of decentralized finance, offering investors a chance to be part of a groundbreaking venture.
With the presale almost 85% complete, the window of opportunity is closing fast. Investors looking to capitalize on this new ETH-based ICO should act quickly to secure their tokens before the price increases in the next phase. Mpeppe (MPEPE) is more than just another ICO—it’s a strategic investment in the future of Ethereum (ETH) and decentralized finance.
For more information on the Mpeppe (MPEPE) Presale:
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In remarkable XRP news, HashKey Capital has rolled out Asia’s first XRP Tracker Fund in an attempt to open the floodgates for institutional investors. The digital asset investment firm has tapped Ripple as an anchor investor, building on previous high-level partnerships between both entities.
HashKey Capital Launches Asia-first Tracker Fund
Digital asset investment giant HashKey Capital has announced its first investment product to track XRP’s price. According to a press release, HashKey Capital launched the first XRP Tracker Fund in Asia, providing investors with institutional-grade exposure to XRP price.
The newly minted fund will provide institutional investors with XRP exposure without the hassle of direct ownership, trading or custody. Per the announcement, the XRP Tracker Fund will mirror the price of XRP with investors with cash subscription and monthly redemptions.
The latest fund is HashKey’s third tracker fund after the successful rollout of its Bitcoin and Ethereum exchange-traded funds (ETFs). According to the XRP news, plans are underway to convert the XRP Tracker Fund into an ETF with HashKey Capital targeting a two-year timeline.
Hashkey Capital disclosed that Ripple will provide the first round of funding for the tracker fund. Apart from seeding the initial investment, Ripple is tapped to become an anchor investor, committing a significant amount of cash.
Ripple, fresh from its Hidden Road broker deal is keen on deepening existing ties with HashKey Capital. Top on the list for both parties is the exploration of new investment products, tokenization, and DeFi solutions.
XRP ETFs Are Gathering Steam
HashKey says choosing XRP as its third tracker fund in Asia was an obvious choice for the investment firm. The press release mentions XRP’s functionalities in enabling efficient transactions beyond traditional alternatives. Already, conversations of a SWIFT integration with Ripple is growing louder and the impact on XRP price.
“XRP stands out as one of the most innovative cryptocurrencies in today’s market attracting global enterprises who use it to transact, tokenize and store value,” HashKey Capital Liquid Funds partner Vivien Wong.
While XRP is gaining traction, anticipation for an XRP ETF has reached an all-time high. An XRP leveraged ETF had a strong start to life, outperforming Solana to set a new altcoin record.
At the moment, a handful of XRP spot ETFs from top investment firms are awaiting approval by the SEC. Industry expert All Things XRP predicts that nine XRP spot ETFs will be approved by the SEC.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
Shiba Inu meme coin has recently rattled the crypto market by following one of the latest trends in the sector. The crypto’s team shared an X post this Friday that read, “Shib is for everyone.” This post follows the recent “Base is for everyone” token buzz.
Notably, Coinbase Layer 2 network Base earlier posted a very similar comment on X. As an upshot, the crypto realm saw the unintended launch of a new coin, with its price skyrocketing momentarily before falling from grace.
Shiba Inu Team Shares “Shib Is For Everyone” Post After Base, Here’s The Scoop
Shiba Inu team’s account @Shibtoken shared an X post on April 18 that read, “Shib is for everyone.” Further, the team shared another post soon after that read “Coined it.” The latter post was linked to Zora, a platform that allows users to mint content as tokens.
As mentioned above, these posts mainly follow the Coinbase L2 network’s recent chronicle. It’s noteworthy that the Layer 2 network shared an X post that read “Base is for everyone, followed by another post that read, “Just coin it,” linking it to the platform Zora.
The upshot? A domino effect kicked in, and these posts by the Layer 2 network ignited the launch of a new token that wasn’t even officially verified. Notably, this new token soon hit a market cap of over $20 million before erasing over 40% in value and retracing to $11 million. In turn, crypto market traders and investors are left abuzz amid this token’s launch, whilst the Shiba Inu team is now following similar footsteps.
It’s notable that some crypto traders even turned a mere $4.5K investment into a whopping $666K with the new “Base is for everyone” token. This saga put a major spotlight on the crypto project, with some even tossing insider trading and rug-pull allegations.
Did SHIB Price React Similarly To “Base Is For Everyone” Token?
Meanwhile, the hourly SHIB price chart shows that the meme coin witnessed a 1% uptick after the post by @Shibtoken, reaching $0.0000118. Its price recovered after hitting a low of $0.00001164 intraday. Notably, market experts like IAmCryptoWolfy are wondering about the sudden jump in Shiba Inu price, highlighting the surge on X.
However, this upward trajectory is relatively diminished compared to what the new Base token witnessed before falling. Besides, CoinGape recently reported that SHIB’s daily volume has also hit remarkable levels. As a result, traders and investors remain optimistic about what lies next for the meme coin’s price as it taps into one of the latest market trends amid bullish dynamics.
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.
Pi Network price is staring down the barrel of a gun as it faces the grim prospects of heightened price volatility. Cryptocurrency analyst Dr Altcoin warns that an avalanche of new accounts on Banxa with small Pi balances poses increased danger for the Pi Network price.
Dr Altcoin Warns Of Price Volatility From Banxa Account Activity
Pseudonymous cryptocurrency analyst Dr Altcoin has urged Pi Network investors to brace for the impact of incoming price volatility. Dr Altcoin revealed in an X post that a coordinated account activity on the cryptocurrency trading platform Banxa may affect Pi Network price stability.
He opines that Banxa is allowing the creation of multiple accounts, with a common denominator being their funding with small Pi Coin balances. The new accounts all have a balance of 0.98 Pi valued at around $0.61 in coordinated fashion.
“Banxa is creating many new accounts, each with a balance of 0.98 Pi,” said Dr Altcoin. “This could lead to price volatility.”
While the entity behind the synchronized account creation remains unknown, Dr Altcoin notes that extreme price volatility is on the horizon. Firstly, small wallets have seen action in wash trading scams to simulate fake market activity. Secondly, a concerted sale of Pi Coins in the wallets can create artificial sell pressure for Pi Network.
By keeping Pi balances under the 1 Pi mark, there is chatter that the entity is attempting to sidestep exchange rules and avoid detection.
In early April, Banxa rolled out support for Pi Network allowing users to buy, sell and hold Pi Coins on the platform. Since the integration, there have been over 1.2 million Pi Coin buys on Banxa,
Pi Network Records Significant Whale Activity
While Banxa accounts are buying miniscule amounts of Pi, whales are loading up their holdings with seismic purchases. The number of Pi Coins on exchanges dropped from 365 million to 359 million in under 48 hours. The decline of 6 million Pi Coins from exchanges is considered a clear sign of whales stacking up on the asset.
For now, it is unclear if the heightened whale activity is connected to the Banxa account activity. If connected, a classic pump and dump scheme may be in the offing for Pi Network price.
At the moment, Pi Network price is trading at $0.6 and shows no signs of wild price volatility. Pi Network’s momentum is surging to new levels, flashing indicators to reclaim the $1 dollar mark.
There is speculation that Pi Coin can reach highs of $30 if top banks start using Pi with a chain link integration driving up a short-term burst to $3,
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
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