Crypto Whales Drive Demand for Pepe and New Meme Coin Pepe Unchained Ahead of Critical Rate Cuts
Wednesday, 4 September 2024, 07:13
Whales Stack Pepe and BTC
iSeasoned traders are not fazed by the recent price fluctuations in the cryptocurrency market. They are leveraging market dips as buying opportunities.
- A whale recently invested over $2 million into Pepe coin.
- In the same timeframe, another whale put over $130 million into Bitcoin.
- They continue to prepare for a significant upcoming bull run, with signs indicating aggressive rate cuts by the US Federal Reserve.
Upcoming Economic Shifts Favor Crypto
The US Federal Reserve is poised to make aggressive interest rate cuts starting in September, which is widely anticipated to boost cryptocurrency markets.
- The likelihood of a 50 bps rate cut is projected for the FOMC meeting on September 18th.
- Analysts from major financial institutions, including Citi and Deutsche Bank, corroborate these predictions.
Whales Buy New Meme Coins Like Pepe Unchained
- Pepe Unchained (PEPU) has raised nearly $12 million in presales, indicating high demand.
- Both seasoned investors and new entrants are capitalizing on early opportunities, with returns potentially reaching 100x.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.