Cardano And Ethereum Whales Betting Big On Hot New Popular Meme Coin Cutoshi After Its Listing On CMC

Blockchain blue chips Cardano and Ethereum have faced criticism for their slow development but continue to drive innovation in Web3 and DeFi.

While these two coins could well be excellent long term investments, whales have been buying up CUTO, a new token from MemeFi project Cutoshi.

Cardano recently released a Layer 2 scaling solution called Hydra and then demoed it live by running the 1993 retro classic Doom game on it. Cardano Founder Charles Hoskinson announced his next goal is to get a Nintendo emulator running on Hydra.

But Cardano’s latest move goes beyond gaming. Cardano is trying to bring DeFi to Bitcoin by making a strategic partnership with BitcoinOS, a platform that provides smart contract functionality for the BTC network. Using the BOS Grail bridge, Cardano’s ecosystem of dApps will be able to directly access the $1.3 trillion Bitcoin liquidity pool. As liquidity is so important for the trading volume, this could prove to be a turning point for Cardano’s revenue and chain adoption.

Hoskinson certainly thinks so, stating “DeFi is coming to Bitcoin, and it will eclipse anything Ethereum or Solana have achieved.” While Ethereum dominates DeFi with $47.2 billion in total value locked, Bitcoin has seen a 150% growth in TVL to $2.18 billion in the past month alone.

The partnership connects Bitcoin’s vast user base and security, while giving Cardano a pathway to onboard that audience and expand its DeFi offerings. As BitcoinOS explained, “it’s a win-win, altcoins can leverage Bitcoin’s strength, and Bitcoin evolves without altering its base code.”

Although Cardano is clearly in support of DeFi on Bitcoin, many Bitcoin maximalists say that this takes away from the fundamentals of Bitcoin. And that while DeFi is an important part of Web3, it belongs on other blockchains.

Ethereum Maxis would point to the growing amount of cross-chain protocols and Layer 2’s being built on Ethereum, once again providing the tools and safety of Ethereum but with cheaper fees and faster transaction speeds. But Ethereum continues to develop, although the Ethereum Foundation faced backlash when it was recently selling large amounts of ETH.

Yesterday, in an article written in bitcoinhaiber.net Butelik explained that the ETH sales have a vital place in Ethereum’s development and and maintenance and are mainly used for:

• Funding research and development – Supporting research projects, core protocol development, and scaling initiatives.
• Maintaining operational costs – Covering expenses related to staffing, infrastructure, and legal fees.
• Enhancing security – Investing in security measures to protect the network from potential threats.
• Supporting community initiatives – Funding community events, education programs, and grants.
• Ensuring low transaction fees – Contributing to the maintenance of low fees on the Ethereum network.

Recently, whale activity has been high, with investors buying the dip. Data from IntoTheBlock shows that major Ethereum addresses picked up over 598,000 ETH in the past week alone, worth $1.6 billion at current prices.

This could trigger more buyers to enter the market, but some analysts say a bullish catalyst is needed before the Ethereum price can really move, given the underwhelming performance of the Ethereum Spot ETFs.

Cutoshi is one of the cross-chain protocols being built on Ethereum and a meme coin that gets its avatar from the Chinese lucky Cat, a symbol of abundance and good luck. Cutoshi’s recent listing on CoinMarketCap has attracted the attention of whales from both the Ethereum and Cardano communities. Cutoshi brings a unique value proposition, blending DeFi functionality with community-driven appeal.

As a cross-chain DEX and DeFi protocol, Cutoshi is trying to make DeFi more accessible to mainstream users. Beyond its DEX, Cutoshi will offer staking and a community-driven rewards program through quests, group farming, and competitions. Cutoshi’s Learning Academy aims to equip the community with valuable DeFi and Web3 knowledge, helping users grow from casual investors to empowered participants.

Currently priced at $0.022 in its presale, CUTO has already shown excellent gains, having raised over $600,000 and up 49% from stage one. With CUTO’s capped supply and the project’s appeal, investors are seeing Cutoshi as a fun meme coin with long-term potential.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

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.