Whales Buy BTC on the Dip and Continue to FOMO into Pepe Unchained, Over $11.9M Raised

cryptonews.com:

Whales have seized the opportunity to accumulate more Bitcoin ($BTC) as the cryptocurrency slid to $55,500 on Tuesday.

At the same time, these major investors have also turned their attention to the latest and best iteration of Pepe, Pepe Unchained ($PEPU).

In just two days, the presale for Pepe Unchained has raised an additional $400,000, bringing the total funding to over $11.9 million and placing the $12 million milestone within reach in the next few hours.

Notably, $85,000 of this influx came from just two wallet addresses, signaling that whales are aggressively acquiring $PEPU while the project is still in presale.

Furthermore, the surge in investor interest highlights the increasing awareness of Pepe Unchained in the crypto market.

Its Layer 2 chain, which brings faster and cheaper transactions to Pepe ownership, holds a strong bid against its predecessor, Pepe ($PEPE), to become the leading froggy meme coin in the industry.

Investors continue to rush to Pepe Unchained’s presale to secure the token at its discounted rate.

One $PEPU is currently worth $0.0094982 but will soon jump to $0.00953620 in less than 35 hours as the presale wraps up another funding round.

So despite September being historically the worst month for crypto, the influx of capital into $BTC and $PEPU suggests that investors are positioning themselves for a more thrilling Q4, which is traditionally the strongest period for crypto.

Bitcoin took a 2.77% dive on Tuesday, nearly erasing its gains from Monday.

But amid the downturn, whales are actively buying the dip.

One whale wallet added $19 million to its five-day buying spree, bringing its total BTC purchases to $136 million. This increased its total holdings to 8,881 BTC, valued at $523 million,