Recent data shows that Ethereum (ETH) whales are eyeing Intel Market (INTL) and Pepe (PEPE) for further gains by 2025. This development comes as Ethereum loses its footing, resulting in significant losses for investors. As ETH declines, INTL and PEPE have emerged as lucrative investment ventures, both aiming to deliver the highest return for market participants over the long term.
ICO investor liquidates 40,000 Ethereum following extension of bearish outlook
Blockchain analysis firm Lookonchain spotlighted an Ethereum whale investor who liquidated 40,000 ETH within the past two weeks. The analytics firm reported this development via X Post on October 4, 2024.
The whale investor, identified as 0xBF4, gained attention when he initiated a 6,000 ETH transfer to the Kraken exchange on the same day. The value of the transferred tokens was a whopping $14.11 million.
Additionally, Lookonchain pointed out that the investor participated in an Ethereum initial coin offering (ICO) in 2014, during which he acquired 150,000 ETH worth $368 million. However, they started selling their holdings on September 22nd, and so far 40,000 ETH worth a total of $101 million have been sold.
They currently hold a balance of 99,500 ETH worth $238 million. This decline comes in the wake of the ongoing market-wide correction, with Ethereum suffering an 8.59% loss over the past seven days, dropping to $2,441.
Whale invests in IntelMarkets for highest return by 2025
As whales retreat from Ethereum, data shows IntelMarkets’ ongoing INTL pre-sale is seeing an influx of new participants as investors lean towards this new AI cryptocurrency. It has been suggested that this is possible. IntelMarkets is attractive not only for its profit potential, but also for its use case, especially for futures traders.
Touted as a next-generation platform, IntelMarkets offers cutting-edge tools that keep perpetual contract traders one step ahead of the competition. These resources include AI products and blockchain-based tools that give traders an edge in volatile crypto markets.
As blockchain projects, IntelMarkets supports Ethereum and Solana. The platform combines the strengths of the two blockchains to provide users with a frictionless trading experience featuring fast, cost-friendly transactions and the flexibility to trade on the blockchain of their choice. Traders can also take advantage of up to 1,000x leverage options to increase potential returns.
There are countless perks that come with interacting with IntelMarkets, right down to the ongoing presale, which is currently in Stage 3. At this stage, INTL is selling for $0.027 and is expected to rise 300% to its final presale price of $0.11.
Despite bearish sentiment dominating the crypto market, it’s no wonder Ethereum whales are confident in the prospect of delivering significant gains by 2025, given the pace of the coin’s movements. Not.
PEPE is set to rise by 35% – What are the chances of this move happening?
Pepe sparked speculation that a rally is near after a bullish structure formed on the price chart. Moreover, its on-chain indicators indicate that the meme coin could be on a notable upward trend.
Notably, PEPE retested the breakout of the downtrend line and formed a candlestick that engulfed the 200-day exponential moving average at $0.0000085. This bullish setup suggests that Memecoin is poised to rise 35% to $0.0000125 within the next few days.
According to CoinGlass, PEPE has a long/short ratio of 1.062, further supporting our bullish forecast. Additionally, the company’s futures open interest rose 15%, indicating an increased presence of long traders betting on potential price increases.
Meanwhile, PEPE rose 8.56% in the past 24 hours to $0.0000101. Considering its bullish outlook, Ethereum investors have started buying the meme coin in hopes of huge profits next year.
ETH whales settle in INTL and PEPE
INTL and PEPE have emerged as viable investment options for ETH investors following losses incurred in the recent ETH price decline. As ETH investors focus on INTL and PEPE, they are becoming the center of attention and attracting more investors across the cryptocurrency market.
This development of events shows that market participants have confidence in these coins and indicates that these coins have the potential to benefit investment businesses.
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