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Ethereum Millionaire Worth $21.7m Sales Fraction Of ETH For Casino Meme Coin Rallying 150%
The world of cryptocurrency is constantly evolving, and while giants like Ethereum (ETH) continue to dominate, new opportunities in niche markets, such as meme coins, are emerging. One such opportunity that has been catching the eye of investors, including a prominent Ethereum millionaire worth $21.7 million, is Mpeppe (MPEPE), a casino-focused meme coin that has seen an impressive 150% rally during its presale stages.
Ethereum’s Long-Standing Dominance
Ethereum (ETH) has long been one of the most successful and popular cryptocurrencies, second only to Bitcoin. With its smart contract capabilities, decentralized applications (dApps), and the rise of decentralized finance (DeFi), Ethereum has secured its place as a cornerstone of the crypto world. As of September 2024, Ethereum continues to hold a strong position in the market, valued at over $2,300, but the price has fluctuated significantly this year.
Despite its prominence, the excitement around Ethereum has waned for some investors, particularly those seeking higher returns in shorter periods. Ethereum’s slower price movements in recent months have led some large investors to explore alternative options, particularly in the highly speculative and fast-moving meme coin sector. And Mpeppe (MPEPE) has emerged as a leading candidate for these traders.
A Fraction of Ethereum for Mpeppe’s Explosive Growth
Recently, a high-profile Ethereum millionaire made headlines after selling a fraction of their ETH holdings to invest in Mpeppe (MPEPE). This particular investor, whose ETH holdings are valued at $21.7 million, decided to capitalize on the rapid growth potential offered by Mpeppe. The move is significant because it demonstrates that even established Ethereum investors are willing to diversify their portfolios, seeking out new opportunities in the burgeoning meme coin market.
The Ethereum millionaire’s decision to reduce their ETH holdings was likely influenced by the increasing potential for quick gains in Mpeppe. The meme coin has captured the attention of investors thanks to its unique appeal as a casino-focused project. While Ethereum remains a steady, long-term investment, Mpeppe has demonstrated the ability to generate massive returns in a shorter time frame.
Mpeppe’s 150% Rally and ICO Success
Mpeppe’s success can be attributed to its clever positioning within the meme coin and casino markets. The coin has garnered a significant following thanks to its strong community engagement and the potential for future use within the online casino space.
During the presale, Mpeppe has raised over $1.8 million and rallied by 150%, making it one of the most talked-about new projects in the crypto space. This performance has not gone unnoticed, with investors, including the Ethereum millionaire, eagerly jumping on board to take advantage of the ongoing presale.
Ethereum has traditionally been a long-term, stable investment for crypto whales, but the current sentiment shows that even these investors are not immune to the allure of high-growth opportunities like Mpeppe. While Ethereum’s price may be moving more slowly in 2024, the meteoric rise of Mpeppe offers a compelling alternative for those seeking rapid gains.
Ethereum’s Future Amidst the Meme Coin Craze
Although some investors are diverting funds to smaller, high-growth coins like Mpeppe, Ethereum remains an essential asset in the world of cryptocurrency. Its long-term value is underpinned by its decentralized applications, NFTs, and DeFi projects, all of which rely heavily on Ethereum’s robust network. However, its slower price movements in recent months have led investors to explore more speculative assets like Mpeppe.
Ethereum may not be rallying at the same pace as some meme coins, but its solid foundation ensures that it will remain a key player in the crypto space for years to come. With the introduction of Ethereum’s Layer 2 solutions and the potential for Ethereum ETFs to gain traction, the coin still holds significant long-term potential. That said, for those looking for short-term gains, projects like Mpeppe offer an enticing option.
Mpeppe: The Casino Meme Coin Creating Noise
Mpeppe’s (MPEPE) success thus far can be attributed to its ability to tap into both the meme coin craze and the burgeoning online casino market. Unlike Ethereum, which has a broader range of use cases, Mpeppe is focused on a niche but rapidly growing segment of the market. This focus has allowed Mpeppe to gain significant traction, particularly among investors looking for quick, high returns.
With Mpeppe currently in Stage 4 of its presale, there is still time for new investors to get involved before the coin launches on exchanges. As the Ethereum millionaire’s investment demonstrates, even those with substantial holdings in more traditional crypto assets are beginning to see the value in diversifying into meme coins like Mpeppe.
Ethereum and Mpeppe Can Coexist
While Ethereum (ETH) remains a dominant force in the cryptocurrency world, the rise of niche projects like Mpeppe shows that there is room for both long-term investments and high-growth opportunities within a portfolio. Investors are increasingly seeing the value in diversifying between established coins like Ethereum and speculative projects like Mpeppe, which offer the potential for significant short-term gains.
As Mpeppe continues to gain momentum in its presale, it’s clear that the coin has struck a chord with investors looking to capitalize on its unique appeal. With Ethereum maintaining its role as a foundation of the crypto ecosystem, investors now have the option to enjoy the best of both worlds.
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As Ripple resolves uncertainty surrounding the XRP lawsuit settlement, speculation grows about its highly anticipated Initial Public Offering (IPO). Although the platform has not announced a specific timeline for the Ripple IPO, expert predictions suggest it may happen within the next 12 to 18 months.
Let’s explore expert predictions over the possible dates and impacts of Ripple’s public offering over the broader crypto market.
When To Expect Ripple IPO?
With Ripple dropping its cross-appeal against the Securities and Exchange Commission, the XRP lawsuit takes a significant turn. This major development has sparked increased speculations about the Ripple IPO.
During an interview with Bloomberg, Ripple CEO Brad Garlinghouse remained vocal about the platform’s long awaited public offering. He posited, “The IPO is a natural step for Ripple to diversify and secure its future in the global market.” Shedding light on the capital, Garlinghouse stated that a portion of the amount raised could be used for further developments within the Ripple ecosystem.
As Garlinghouse and Ripple remain silent about the exact date for the IPO, experts predict that the event could be possible within the next 18 months. In addition, there is a growing speculation that the platform will launch the IPO by the year end.
Isn’t IPO a Priority for Ripple?
Ripple’s CEO has downplayed the significance of an IPO for the company at present, despite growing anticipation. He stated,
I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.
However, the public offering provides a strategic chance to strengthen Ripple’s presence among institutional investors, potentially unlocking funds that were previously withheld due to ongoing legal uncertainties. As the current regulatory environment in the US remains favorable, the platform is expected to utilize the opportunity well.
IPO To Impact XRP Price
Ripple proponent XRP Chancellor shared an enthusiastic and optimistic post, commenting on the potential impact of the imminent Ripple IPO. According to the expert, the IPO will drive up XRP’s value.
Analysts like Egrag Crypto and Ali Martinez have provided bullish predictions on the XRP price post IPO announcement. According to Egrag, XRP is poised to reach $10, whereas Ali forecasted its hike to $15.
Recently, All Things XRP, a prominent figure, shed light on the possibility of an IPO following the XRP lawsuit resolution.
How Will Ripple IPO Impact Broader Market?
Notably, the IPO is expected to have a significant impact on XRP. The IPO could spark increased institutional interest and a positive market sentiment. In addition, the IPO could bolster the platform’s legitimacy.
Meanwhile, the public offering could also influence the broader crypto market. The IPO could lead to increased mainstream acceptance of cryptocurrencies and blockchain technology. Ripple’s IPO could have a ripple effect on the cryptocurrency market, potentially boosting prices of other digital currencies as new investors enter the space. It could also lead to new partnerships and collaborations in financial and technological sectors.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
Grayscale Research has released its updated Top 20 list of digital assets, identifying key cryptocurrencies with strong potential for the coming quarter.
The firm updates this curated selection quarterly, reflecting its analysis of network adoption, market trends, and fundamental sustainability.
Grayscale Adds 3 Altcoins to Investment Consideration List
The latest update introduces three new assets—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). This suggests an inclination toward real-world applications in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and intellectual property (IP) tokenization.
Grayscale organizes the digital asset market into five distinct crypto sectors: currencies, smart contract platforms, financials, consumer & culture, and utilities & services. This framework allows the firm to track industry trends and assess high-growth opportunities within each category.
With the latest rebalancing, the crypto sectors now encompass 227 distinct assets with a total market capitalization of $2.6 trillion, covering the vast majority of the global crypto market.
Maple Finance (SYRUP)
Maple Finance (SYRUP) is a leading DeFi protocol specializing in institutional lending. The project operates through two core platforms: Maple Institutional, designed for accredited investors, and Syrup.fi, which serves DeFi-native users.
Over the past year, Maple Finance has grown significantly, reaching $600 million in Total Value Locked (TVL) and $20 million in annualized network fee revenue. The project aims to scale Syrup.fi to $2 billion in TVL by integrating with other DeFi protocols, including Pendle (PENDLE).
Geodnet (GEOD)
Meanwhile, Geodnet (GEOD) has emerged as a leader in the DePIN space. As the world’s largest real-time kinematic positioning provider, the network offers geospatial data with centimeter-level accuracy. It serves industries such as agriculture, robotics, and autonomous vehicles.
The network has expanded to include more than 14,000 active devices across 130 countries and has seen its revenue grow substantially. Annualized network fees increased by 500% year-over-year (YoY) to $3 million.
Geodnet’s decentralized approach presents a cost-effective alternative to centralized GPS solutions, positioning it as a critical infrastructure provider in the blockchain space.
Story Protocol (IP)
Story Protocol (IP) is tackling the growing intellectual property space by bringing IP rights onto the blockchain. With AI-generated content sparking copyright disputes, Story Protocol offers a way for companies and creators to monetize their intellectual property. At the same time, it enables investors to trade and earn royalties.
The project has already onboarded high-profile assets, including music rights for Justin Bieber, BTS, Maroon 5, and Katy Perry. It also launched its dedicated IP-focused blockchain and token in February 2025.
Grayscale Removes 3 Altcoins From its List of Investible Products
The latest update also includes the removal of three assets from the Top 20 list, comprising Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
“Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
Beyond these new additions, Grayscale continues to highlight key investment themes. These include Ethereum scaling solutions, AI-integrated blockchain development, and DeFi and staking innovations. The continued inclusion of assets like Optimism (OP), Bittensor (TAO), and Lido DAO (LDO) reflects the firm’s focus on these high-growth areas.
Meanwhile, the latest Top 20 update follows Grayscale’s broader expansion into evaluating additional digital assets. In January 2025, the firm revealed nearly 40 altcoins under investment consideration. Similarly, Grayscale announced a list of 35 assets for potential inclusion in investment products in October.
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Shiba Inu price has seen strong bullish momentum, gaining another 13.5% and shooting past $0.000015 levels, with its daily trading volume surging by 70% to $370 million. The recent rally comes amid a sharp surge in the SHIB burn rate and improving sentiment for the world’s second-largest meme coin. Additionally, the platform’s marketing lead has also tossed up the idea of having a Shiba Inu exchange-traded fund (ETF) in the future.
Shiba Inu Price Surges As Bulls Charge In
Shiba Inu’s native crypto SHIB is getting major attention from investors with more than 20% gains on the weekly chart. Additionally, today’s SHIB price pump comes along with 70% surge in daily trading volumes suggesting a strong bullish sentiment for the altcoin.
Additionally, as per the Coinglass data, the SHIB futures open interest has surged by 30% to more than $166.74 million. This shows that there’s a strong demand among the futures traders for the world’s second-largest meme coin. As per the image below, the Shiba Inu price is closely following the trajectory of the 2021, and is on the verge of staging a parabolic rally ahead, amid the recent surge in SHIB burn rate.
Analysts are predicting a minimum of 200% SHIB price rally which would take its market cap to nearly $27 billion. While other players expect an even bigger rally where the meme coin could give as high as 12x gains or 1,100% returns.
Can SHIB Rally 12x From Here Onwards?
Popular crypto analyst CryptoELITES predicted a 12x surge in Shiba Inu price amid the formation of a cup-and-handle pattern on the technical chart. Since reaching its all-time high of $0.0008854 in October 2021, SHIB’s price movement has been carving out a cup-and-handle pattern. The “cup” was fully formed with Shiba Inu’s March 2024 peak at $0.00004567, while the “handle” is now nearing completion, as shown in the image below.
Shiba Inu’s marketing lead LUCIE has also agreed to this possibility by retweeting regarding the same. Furthermore, Lucie recently emphasized the potential for Shiba Inu to reach the $0.01 price milestone. However, she acknowledged that achieving this level could take time and encouraged the Shiba Inu community to remain patient.
Recent Developments in the Ecosystem
The Shiba Inu ecosystem has seen consistent growth and development while the sharing the plans of the future. Recently Lucie also tossed the idea of getting a Shiba Inu ETF to the market once again.
Furthermore, despite the current crypto market turbulence, the Shiba Inu ecosystem has demonstrated remarkable growth, surpassing 1.5 million holders since its inception in 2020. Data from Shibariumscan reveals that Shibarium’s total block count has exceeded 10 million, highlighting the network’s consistent adoption and increasing on-chain activity.
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.
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