Crypto Prices May Be Down, but Traders Are Piling into Bitcoin and Pepe Unchained, Which Just Raised $12M in Presale Funds

Crypto prices might be down month-on-month – but smart money traders keep stacking their positions. They seized the opportunity to buy Bitcoin below

Crypto prices may be down month-on-month, but smart money traders keep stacking their positions. They seized the opportunity to buy Bitcoin below $60K and also accumulated the trending presale cryptocurrency Pepe Unchained.

The Pepe Unchained (PEPU) presale has just crossed the $12 million total raised milestone. Traders are showing support by investing vast sums of cash – notably, two recent purchases totaled over $85K.

Moreover, the rampant presale success illustrates the swelling awareness that Pepe Unchained holds in the crypto market. It’s building an Ethereum layer 2, offering cheaper and faster transactions than Ethereum. This makes it a serious competitor to its predecessor, Pepe coin.

Traders are scrambling to buy PEPU at the lowest price. It’s currently available to buy at $0.0094982, but this is expected to rise throughout the campaign with the next increase in under one day.

September is not a good month for financial markets, but Q4 follows it – which is the most bullish fiscal quarter for crypto. Smart money traders understand this and are now packing their Bitcoin and Pepe Unchained bags ahead of potential price explosions next month.

Whale invests $19 million into Bitcoin

Bitcoin brushed lows of $55K on Tuesday, but smart money did not sweat it – they continued building their portfolios.

One deep-pocketed whale went on a five-day Bitcoin shopping spree, ending in him controlling an additional $136 million worth of BTC, pushing his total holdings to $523 million. Lookonchain reports he added $19 millions worth on Tuesday alone.

This whale bought 322.37 $BTC($19M) again 1 hour ago.He bought 2,322.37 $BTC($136M) in 5 days and currently holds 8,881 $BTC($523M).Address:3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN pic.twitter.com/JcdZGaqYJy

And on Tuesday, another whale dubbed “Mr 100” accumulated 300 BTC, worth about $17 million.

It shows that the industry’s most profitable players are betting on strong months ahead. But as mentioned, smart money is doing more than just buying BTC on this dip.

They’re branching out into new presale tokens like Pepe Unchained, which could hold lots more upside potential.

Its presale is gaining substantial momentum. It just crossed the $12 million total raised mark, helped by a $56K investment from one whale and $25K from another.

And it’s not the first time – one smart money trader bought over $200K worth of Pepe Unchained back in July.

While not quite the same grandeur as the 10-figure BTC investments, Pepe Unchained’s early stage and low market cap mean that these investments could also be worth multi-millions in the future.

Pepe Unchained is on an expressway to 100x gains

Technical superiority over Ethereum, rooted in meme culture, is a recipe for gains. Investors are eyeing big returns for Pepe Unchained, but they might come sooner than expected.

Its website reveals that the layer 2 will launch after the presale concludes, indicating it may not be far away.

Not only does Pepe Unchained tap into the viral zeitgeist of the original Pepe, but its layer 2 offers a playground for memecoin developers to deploy new tokens and related applications, all connected by PEPU.

Though September often presents challenges for crypto traders, they’re rewarded with “Up-tober” at the other end. Considering the hype surrounding its presale, this will align with Pepe Unchained’s open market debut, which could involve major tier-1 exchange listings.

Industry expert Umar Khan, hailing from the 99Bitcoins YouTube channel, recently discussed the bullish outlook for Pepe Unchained and said it can 100x.

He also underscores its utility-rooted benefits over the original Pepe, alluding that it could outperform the iconic frog-themed token in the coming months.

whales are securing entries by investing in Pepe Unchained now

People dictate markets, and emotions dictate people – so you’ve probably heard the term “trading psychology.”

All it boils down to is fear and greed. New and unsophisticated traders base their bias (and emotion) on price action.

When prices are up, they’re optimistic and eventually greedy. When they’re down, they become fearful.

New traders buy in times of greed and sell in times of fear – a flawless plan for those seeking to lose money.

On the other hand, smart money pours into new positions when others are fearful. They buy low and sell high.

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