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Crypto prices may be down, but traders are piling into Bitcoin and Pepe Unchained, which just raised $12M in presale funds.
Crypto prices might be down month-on-month – but smart money traders keep stacking their positions.
They seized the opportunity to buy Bitcoin below $60K and also accumulated the trending presale cryptocurrency Pepe Unchained.
The Pepe Unchained (PEPU) presale has just surpassed the $12 million total raised milestone. Traders are showing support by investing vast sums of cash – notably, two recent purchases totaled over $85K.
Moreover, the rampant presale success illustrates the swelling awareness that Pepe Unchained holds in the crypto market. It’s building an Ethereum layer 2, offering cheaper and faster transactions than Ethereum. This makes it a serious competitor to its predecessor, Pepe coin.
Traders are scrambling to buy PEPU at the lowest price. It’s currently available to buy at $0.0094982, but this is expected to rise throughout the campaign with the next increase in under one day.
September is not a good month for financial markets, but Q4 follows it – which is the most bullish fiscal quarter for crypto. Smart money traders understand this and are now packing their Bitcoin and Pepe Unchained bags ahead of potential price explosions next month.
Whale invests $19 million into Bitcoin
Bitcoin brushed lows of $55K on Tuesday, but smart money did not sweat it – they continued building their portfolios.
One deep-pocketed whale went on a five-day Bitcoin shopping spree, ending in him controlling an additional $136 million worth of BTC, pushing his total holdings to $523 million. Lookonchain reports he added $19 millions worth on Tuesday alone.
And on Tuesday, another whale dubbed “Mr 100” accumulated 300 BTC, worth about $17 mil
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Author: Guest Post