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This article was paid for* The crypto market continues to be in choppy waters, with the bulls and bears wrestling for control.  However, some crypto whales do not appear to be fazed by the uncertainty. To them, every dip is a potential buying opportunity.  Indeed, whales are continuing to stack Bitcoin, Pepe and new meme coins like Pepe Unchained, likely in preparation for an upcoming bull run.  Crypto Whales Accumulate Bitcoin, High-Potential Altcoins Data from Lookonchain reveals that a crypto whale purchased 545 BTC – worth over $30 million – after the Bitcoin price crash on Tuesday.  This whale continues to buy the dip and has accumulated $49 million worth of Bitcoin at an average price of $56,993 – all in the past 3 days.  He is also not the only one. Another whale has invested nearly $136 million in Bitcoin in the span of a week, adding 2322.7 BTC to his holdings. This Binance trader currently holds 8,881 Bitcoin, worth $523 million.  Meanwhile, Pepe also remains in high demand. After all, the meme coin has emerged as an excellent beta play on Ethereum, with some experts projecting it to reach a $50 billion market cap.  A deep-pocketed trader withdrew $2.17 million worth of PEPE from Binance on Monday. It wouldn’t be surprising if whales continue to stack the meme coin, considering it is trading nearly 60% below its all-time high and appears to be highly undervalued.  Smart money investors also appear to be bullish on utility altcoins. For instance, the aforementioned Pepe whale also invested nearly $400k in Worldcoin.  Crypto whales also appear to be accumulating AAVE, data from Lookonchain reveals.  The trend indicates that seasoned traders aren’t as concerned by the volatile crypto market as short-term holders.  After all, the market is set to receive a strong boost…

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Filed under: News - @ September 4, 2024 6:20 pm