Crypto Whales Shift Focus from Pre-Sale Tokens to Shiba Inu, Floki and BEFE

Bullish momentum in the global market cap is accelerating as Bitcoin charges toward $60,000. The crypto community eagerly awaits the benefits of the bull run, with investors strategically positioning themselves to capitalize on opportunities and maximize profits.

Notably, 2024 has begun with exciting pre-sale offerings from multiple crypto projects. However, are crypto whales highly focused on onboarding this pre-sale tokens’ ship?

The interest of crypto whales in these tokens diminishes as they actively seek existing crypto tokens exhibiting price surges during the current market window. Seemingly, memecoins have captured their attention with their impressive price rallies. According to data on CoinGecko, the memecoin market has observed a weekly surge of over 20%, collectively valued at $28.5 billion. Among the meme players, crypto whales have pinned three tokens on their watchlist.

Shiba Inu (SHIB)

Shiba Inu (SHIB) remains one of the hyped memecoin projects that captivate its community with the latest releases and updates. Recently, the SHIB team sparked interest with the launch of SHEboshis, a female-focused NFT collection

Popularly nicknamed the “Dogecoin Killer,” Shiba Inu gained massive traction in the crypto community due to its vibrant community and strong social media presence. As the 2024 bull run continues, SHIB is expected to resume an upward trajectory, fueled by the expansion of its community via new use cases and releases.

This 2nd largest memecoin holds a market capitalization of $6.49 billion. Impressively, the daily volume of SHIB spiked 133% to mark $938.89 million. As per CoinGecko, at press time, SHIB traded at $0.0000112. 

Floki (FLOKI)

Meanwhile, the Viking-themed memecoin FLOKI continues to garner widespread attention within its community following the announcement of notable partnerships. Recently, Web3 investment firm DWF Labs purchasing 10 million FLOKI tokens has excited its community.

At the time of writing, FLOKI was priced at $0.00005858, marking a market cap of $557.4 million. Over the past 24 hours, the token has witnessed a surge of 18%.

BEFE (BEFE)

Memecoin BEFE entered the market without a pre-sale and without imposing any taxes, positioning itself as a “coin for the people.” It carries a mission to reignite the excitement surrounding memecoins and bring back their golden era. 

The coin has been on an impressive bull run, achieving remarkable milestones. Just within a month of its launch, BEFE experienced a phenomenal surge in value, skyrocketing from $0.00005734 to $0.001127, marking a staggering 1744% increase.

Fueling its success is a vibrant and supportive community, united by a shared vision of fairness and accessibility in the crypto space. BEFE’s recent performance in the market underscores its potential for significant growth in the future.

To learn more about BEFE, follow:

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