The Action of Whales and Attention to Memecoins
The value of Neiro Ethereum has seen an impressive 85% increase in the last seven days, driven by a series of acquisitions made by large crypto investors, who took advantage of a previous price drop.
These powerful investors, notorious for their influence on market movement, have accumulated NEIRO at lower prices, promoting an important recovery. In this sense, the growth happened due to the increased attention to memecoins. With whale control and changing market perception, investors want to know what the next step will be for NEIRO ETH.
At the same time, the new memecoin Pepe Unchained has shown that it can also be promising and offer significant gains, especially to early investors.
Investors Drive Neiro Ethereum Price Up, While Profit Taking Declines
On October 9th, the balance of addresses with 1 million to 10 million Neiro Ethereum was 295.48 million. Over the past five days, this value has risen to 352.67 million, indicating that large crypto investors have purchased approximately 57 million tokens.
An analysis carried out by SpotOnChain provided some details of these acquisitions. In a post on X, they reported that GSR Markets acquired 40.4 million NEIRO Ethereum. This equates to about 4% of memecoin's circulating supply.
The founder of a prop trading company accumulated 4.06 million tokens when the value was still low. As a result, these acquisitions boosted the price of NEIRO. But although the price has increased considerably, the daily number of transactions that generate profit has decreased.
Some data indicate that profit on October 11th reached almost 150 million. The next day, it plummeted below the market value of 100 million, remaining in that situation until now.
This could indicate that Neiro Ethereum owners are choosing to hold the memecoin rather than selling it for short-term profits.
The token is approaching a 38.2% Fibonacci support level, suggesting that the NEIRO ETH bull trend is solid and could last longer.
But investors are increasingly focused on new projects and promising pre-sales, like Pepe Unchained, which could be an opportunity for those who missed Pepe's early days and want to invest in a cryptocurrency with the same chance of success.
Pepe Unchained pre-sales exceed US$21 million – Could this be the new Pepe?
Just like what happened with the Shiba Inu, Pepe exploded shortly after being released. Early $PEPE investors saw returns of up to 700%. But Pepe seems to have a new successor.
The memecoin Pepe Unchained ($PEPU) is in the pre-sale phase and has raised more than US$21 million. Pepe Unchained is showing that it can surpass the original Pepe and go further. The pre-sale indicates that the $PEPU token already has an engaged and very significant community.
In this sense, Pepe Unchained came up with the idea of operating on Layer 2 of the Pepe network and reducing traffic on the blockchain. This layer 2 runs on the Ethereum network, allowing for faster and lower-cost transactions.
In addition to being a utility token, $PEPU can also be used to earn passive income. And finally, investors can earn earnings through Pepe Unchained's staking mechanism.
Proceeds from the project will be paid over two years, at a rate of 608.02 $PEPU tokens per block of ETH. The current estimated rate of return is 107%
$PEPU is available for pre-sale
$PEPU tokens are selling for $0.0112 and the price of the tokens will increase in less than 2 days as the Pepe Unchained pre-sale advances to the next phase.
Pepe Unchained ($PEPU) presale accepts payments in ETH, USD, BNB Coin or PEPE. There is the option to purchase with a credit card, with payment of fees.
After the pre-sale closes, investors will be able to claim their $PEPU tokens. To redeem your tokens, simply reconnect the wallet used for purchase and click 'claim'.
The Pepe Unchained L2 blockchain and ecosystem will be launched once the pre-sale ends. Follow the project's social media to find out about all the news.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.