The post Best crypto to buy: Pudgy Pandas’ presale surges above $350K as ETH’s show stokes altseason hopes appeared on BitcoinEthereumNews.com.

Altcoins, led by Ethereum (ETH), demonstrated resilience, contributing to the upbeat tone across the market.
Market chatter around Pudgy Pandas is brimming with FOMO.
The PANDA presale has raised over $350K in just one day.
Bitcoin (BTC) hovered near $115,000 on Tuesday as investors awaited the Federal Reserve’s rate cut decision. Altcoins, led by Ethereum (ETH), demonstrated resilience, contributing to the upbeat tone across the market. Steady inflows into BTC and ETH ETFs have helped sustain momentum, reinforcing the broader bullish sentiment. Amid the optimism, traders are now turning their focus to Pudgy Pandas, the meme coin that has rapidly become the centrepiece of community hype. Market chatter around Pudgy Pandas is brimming with FOMO, as early backers believe the coin could ride the current enthusiasm in both Bitcoin and altcoins to deliver outsized gains. ETH’s strong performance suggests altseason might be near Digital asset treasuries (DATs) — publicly traded companies that hold a majority of cryptocurrency on their balance sheets — with a focus on Ethereum, may have stronger prospects compared to those centred on Bitcoin or Solana, according to Standard Chartered. In a note published on Monday, Geoffrey Kendrick, the bank’s global head of digital asset research, said that investors are concerned about the compression of DATs’ stock prices and market-to-net asset values (mNAVs), which directly impacts their ability to raise capital and expand crypto holdings. The mNAV compares a company’s market capitalisation against the value of its assets, with a reading above 1 suggesting a premium and market confidence. “This matters because sustainable DATs need an mNAV above 1 if they are to continue buying underlying assets,” Kendrick wrote. He added that the long-term performance of DATs will depend on factors such as access to low-cost funding, size, and whether their underlying assets…

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Filed under: News - @ September 16, 2025 9:24 am