Top Memecoins Whales Are Betting on Before Bitcoin Hits $100K
The post Top Memecoins Whales Are Betting on Before Bitcoin Hits $100K appeared on BitcoinEthereumNews.com.
The crypto market witnessed a renewed bullish momentum as Bitcoin rebounded above $95,000 level. As investors anticipate a $100k BTC value soon, Shiba Inu and Pepe coin are experiencing substantial whale buying, signaling their potential for price recovery. These memecoins often offer major moves during fresh market changes due to their volatile nature. Key Highlights: Lookonchain data shows crypto whale accumulated top memecoins such as Shiba Inu and PEPE before BTC gives a $100k Breakout. The Shiba Inu price is a 9% surge from challenging the key resistance of the bullish pennant pattern. Flag pattern formation sets Pepe coin price breakout past $0.00003 barrier. Major Memecoins Gain Momentum After $4.46M Whale Withdrawals A newly created cryptocurrency wallet has made significant withdrawals, pulling 60 billion SHIB tokens worth $1.52 million and 150 billion PEPE tokens valued at $2.94 million from Binance just an hour ago. This substantial move highlights growing whale activity around these popular memecoins, sparking curiosity about the rebound as the market anticipates $100k BTC soon. The activity has been traced to wallet address 0xe718…, as reported by Lookonchain. According to Coingecko data, the meme cryptocurrency market cap is at $123. Billion, showing an intraday gain of 2.5%. Moreover, the 24-hour trading volume wavers at $23.5 Billion. A newly created wallet withdrew 60B $SHIB($1.52M) and 150B $PEPE($2.94M) from #Binance 1 hour ago.https://t.co/bsWy1WtPUh pic.twitter.com/nzm6WARUNk — Lookonchain (@lookonchain) November 28, 2024 Shiba Inu Consolidation Ahead of a Major Breakout Among the dog-themed memecoins, the popular Shiba Inu coin has showcased a sideways action below $0.00003 over the last two weeks. In the 4-hour chart, this consolidation is recounting strictly within two converging trendlines revealing the formation of a bullish pattern. This continuation pattern is commonly spotted in an established uptrend, offering a temporary breather to buyers before the prevailing trend resumes.…
Filed under: News - @ November 28, 2024 6:22 pm