In a recent turn of events, IntelMarkets (INTL), Sui (SUI), and Pepe (PEPE) have captured the attention of large token holders, also known as whales. These coins are gearing up for an uptrend as the crypto market demonstrates signs of recovery from bearish pressure, with Bitcoin (BTC) registering notable gains.
Let’s find out more about why whales are shifting focus on INTL, SUI, and PEPE!
IntelMarkets Attracts Whale Investors to Its Ongoing Presale
Having exhibited a prospect for exponential growth, whale investors are now gazing at IntelMarkets, a new AI coin, as it paces through its presale. IntelMarkets’ presale is an opportunity to buy its native token INTL at a lesser price than it will trade on crypto exchanges, earning early gains.
IntelMarkets is a perpetual contracts exchange powered by artificial intelligence and blockchain technology in a dual-chain structure that fuses Ethereum and Solana. It incorporated a dual-chain system to achieve flexibility and scalability so that users can enjoy faster and cheaper trades on their preferred blockchain as their strategies demand.
The platform aims to decentralize the perpetual contracts market, giving traders utter control of their assets and profits. On IntelMarkets, users can access several asset pairs and trade each one with up to 1,000x leverage, thereby increasing potential returns multiplefold.
As an AI-based platform, the exchange offers automated services that allow users to trade and make profits without manually interacting with the platform. With the inclusion of AI-powered self-learning robots, traders can remain active in the market 24/7 as these robots can copy their strategies in taking trades and booking gains.
Last week, INTL entered Stage 3 of its presale with a price surge of $0.027. Due to increasing demand for the token by whale investors, INTL is now set to advance to the subsequent stages down to the last at $0.11, overall rising 307% from its current price.
Sui Foundation Denies $400 Million Insider Selling Allegation
During the recent price rally, the Sui Foundation has debunked recent claims that insiders sold $400 million worth of SUI tokens. Taking to X on October 14, 2024, the Foundation affirmed the absence of premature selling or breach of lock-up agreements by any of its holders.
The Sui Foundation added that the slated unlock dates have remained the same, and every holder has been complying with lock-up agreements.
This allegation was brought forward by certain community members who voiced concerns over the sale of a substantial amount of SUI tokens by ICO-era wallets.
The Foundation’s response suggested that the allegations might be directed at an “infrastructure partner,” holding tokens under a lock-up period. However, this partner has maintained compliance with the lock-up schedule as enforced by the Foundation.
Yet, this reassurance has failed to sway skeptical minds like Kyle Samani from Multicoin Capital, who claims that the Foundation’s statement was “written as deceptive as possible.”
At the time, SUI had risen 3.01% to $2.05 over seven days.
PEPE Set to Soar by 50% as Strong Buying Pressure Hits Market
PEPE rose 12% over the last seven days, keeping the frog-themed meme coin from descending to a monthly low. If market sentiment remains bullish and PEPE can scale major resistance zones, the meme coin could achieve even a 50% increase soon.
This sentiment is backed by readings from the Money Flow Index (MFI), which shows the asset above the midpoint. The MFI determines whether an asset is overbought or oversold by measuring buying and selling volume using price and volume.
Also, the Ichimoku Cloud indicator further strengthens this bullish prediction. Specifically, PEPE is trading above the cloud, implying that the meme coin could be primed for an upswing soon.
PEPE faces key resistance at $0.000011. Breaking through this ceiling would launch the price towards $0.000015. PEPE trades at $0.000010, gaining 8.95% in the last seven days.
Large Holders Buy INTL, SUI, and PEPE for Massive Returns
Whale investors are set to buy INTL, SUI, and PEPE, as each of these coins demonstrates a tendency for near-term growth. While INTL dominates the AI sector, SUI continues to lead the altcoin segment, and Pepe takes over the memecoin arena.
As INTL, SUI, and PEPE fall within the radar of whale investors, these coins are expected to experience significant boosts in their prices upward. Hence, they can be opportunities for retail investors looking to capitalize on whale-induced price rallies.
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Source: https://cryptodaily.co.uk/2024/10/these-3-crypto-investments-are-drawing-whales-attention