The latest crypto bull market has already made some whales millions. Now, these whales, who made millions on Cardano and Pepe, are looking for new opportunities for profit.
Many of them are looking for ERC-20 tokens, especially one new viral memeFi token, Cutoshi.
Pepe Whales Make Millions In Surge
Pepe token has attracted significant attention from whales, especially after its recent listing on major exchanges. After a significant bull run in the last month, Pepe traded up 122.76% in the last 30 days, currently at $0.00001987.
The major catalyst came on November 14, when Robinhood, the largest stock trading app in the world, listed Pepe. As the app offers a relatively small number of crypto assets, this is a significant recognition for the memecoin.
Following the news, the price of Pepe more than doubled and the token reached its all-time high of $0.00002524. The news also contributed to a significant surge in volume and whale interest. For instance, the same day of the listing, one whale bought 309.6 billion Pepe, worth $6.45 million.
https://x.com/JamesonEth/status/1859655829668184178
When whales are buying a token, this is typically a bullish sign. Still, the price movements in recent days were flat, suggesting that other whales are looking to convert their profits to other currencies. This is especially true for those based on Ethereum’s chain.
Cardano Joins Bitcoin And Ethereum In Exclusive Group
After a year of slow performance, Cardano (ADA) seems to be back. The token was one of the best performers in the last 30 days, registering growth of 200.85% and briefly breaking past $1. What is more, the crypto received a major endorsement from institutional players.
Source: CMC
A crypto rating firm Weiss Crypto recently upgraded Cardano to an A- rating. This makes it one of just 3 cryptos in the A level, together with Bitcoin and Ethereum. The company looked at its technology, adoption and market performance and evaluated that Cardano was among the top three cryptos.
https://x.com/WeissCrypto/status/1860019245909966987
The endorsement goes in favor of Cardano’s bid to court institutional investors with its safety-first approach. This is driving a bullish case for Cardano, which sees its next major resistance at $1.16 at its 3-10 day moving average crossover.
MemeFi Token Cutoshi Raises $1 Million
Whales that made millions on Cardano and Pepe are now looking for newer opportunities. Some of them have invested in Cutoshi (CUTO). The investments in this memeFi token amounted to $1 million just a month after its presale.
Cutoshi is a token that blends memes and DeFi. It is inspired by the Chinese Lucky Cat, a popular image in China and Satoshi, the creator of Bitcoin. As such, the project is all about lowering barriers for new traders while also prioritizing decentralization.
At its core will be a multichain DEX, which aims to lower the barriers to DeFi for new traders. The project will also feature a learning platform to educate new DeFi users, as well as other essential aspects such as farming.
Thanks to this unique blend, the project recently went viral on November 22, after breaking the $1 million investment mark. Cuto even trended on Twitter, revealing there’s interest in decentralization among traders.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
