Recent data shows Ethereum (ETH) whales are turning to IntelMarkets (INTL) and Pepe (PEPE) for higher gains by 2025. This development comes as Ethereum loses its footing, resulting in substantial investor losses. Amid ETH’s decline, INTL and PEPE have emerged as lucrative investment ventures, all set to deliver the best returns to market players in the long run.
ICO Investor Liquidates 40,000 Ethereum as the Bearish Outlook Extends
Blockchain analytic firm Lookonchain has spotlighted an Ethereum whale investor who liquidated 40,000 ETH within the last two weeks. The analytic firm reported this development via an X post on October 4, 2024.
This whale investor, identified as 0xBF4, became a matter of interest after initiating a transfer of 6,000 ETH to the Kraken exchange on the same day. The tokens transferred were valued at a staggering $14.11 million.
Moreover, Lookonchain noted that this investor participated in Ethereum’s Initial Coin Offering (ICO) in 2014, during which they acquired 150,000 ETH worth $368 million. However, they started selling their holding on September 22, with a total of 40,000 ETH valued at $101 million sold so far.
They now hold a balance of 99,500 ETH, valued at $238 million. This sell-off comes on the heels of the ongoing market-wide correction, with Ethereum incurring an 8.59% loss in the last seven days, dropping to $2,441.
Whales Invest in IntelMarkets For the Best Returns By 2025
As whales pull out of Ethereum, data shows an influx of new participants in IntelMarkets’ ongoing presale of INTL, suggesting that investors may be leaning toward this new AI cryptocurrency. IntelMarkets is not only fascinating for its profit potential but also because of its use cases, particularly for futures traders.
Touted as a next-gen platform, IntelMarkets provides cutting-edge tools that will push perpetual contract traders one step ahead of the competition. These resources include AI products and blockchain-based tools to give traders an edge in the volatile crypto market.
As a blockchain project, IntelMarkets supports Ethereum and Solana. The platform uses the combined strengths of the two blockchains to offer users a smooth trading experience, marked by swift and cost-friendly transactions and the flexibility to trade on their blockchain of choice. Also, traders can boost their potential returns with up to 1,000x leverage options.
The perks attached to interacting with IntelMarkets are countless, down to its ongoing presale, which is now in Stage 3. At this stage, INTL sells for $0.027, all set for a 300% rally to its final presale price of $0.11.
Considering the pace at which the coin is moving despite bearish sentiments dominating the crypto market, it’s no wonder Ethereum whales are confident in its prospect of delivering considerable gains by 2025.
PEPE Set to Jump 35% – How Likely Is This Move to Happen?
Pepe has sparked speculations of an impending rally after a bullish structure formed on its price chart. Moreover, its on-chain metrics show the meme coin could be on the verge of a notable uptrend.
In particular, PEPE retested a descending trendline breakout, forming an engulfing candlestick at the 200-day Exponential Moving Average at $0.0000085. This bullish setup suggests the meme coin could be poised for a 35% surge to $0.0000125 in the days ahead.
According to CoinGlass, PEPE’s long/short ratio is at 1.062, further supporting the bullish projection. In addition, its futures Open Interest rose 15%, indicating the growing presence of long traders betting on its potential price upshift.
Meanwhile, PEPE has gained 8.56% in the last 24 hours to $0.0000101. Given its bullish outlook, Ethereum investors are beginning to buy into the meme coin for massive returns in the coming year.
ETH Whales Settle for INTL and PEPE
INTL and PEPE have emerged as viable investment options for ETH investors after the losses incurred during the latter’s recent price drop. As ETH investors turn to INTL and PEPE, they have become the center of attention, attracting even more investors across the entire crypto market.
This turn of events shows market participants’ confidence in these coins, making them potentially rewarding investment ventures.
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Source: https://www.cryptonewsz.com/ethereum-whales-bet-big-on-intl-and-pepe-for-major-gains/