A whale sold all 1.97 trillion Pepe (PEPE) and bought MANA, SAND and GALA.
The whale also bet on meme coin Shiba Inu.
Bitbot continued to attract attention in its ongoing presale as Telegram bots soared.
Pepe (PEPE) remains one of the top performing meme coins this past week with more than 130% in gains.
But a whale has offloaded a massive 1.97 trillion PEPE and bet a sizable amount of the profit on three gaming tokens. Meanwhile, as the crypto market bids for more gains, traders continue to see Bitbot (BITBOT) as one of the top projects to watch today.
Whale dumps Pepe, buys MANA, SAND and GALA
Smart money onchain sleuth Lookonchain shared details of a massive whale move as the price of PEPE rose sharply over the past few days.
Per the data, a whale sold all of his 1.97 trillion Pepe (PEPE) for $6.07 million. They made $3.49 million in profit and took new positions in Shiba Inu (SHIB). They also bought three other tokens – Decentraland (MANA), The Sandbox (SAND) and Gala (GALA).
Apart from the 75.9 billion SHIB acquired for $893k, the whale scooped 1.6 million MANA for $1.07 million, and 2.43 million SAND for $1.48 million. They have also taken a $1.46 million bet on gaming token GALA, adding over 36.8 million tokens using the PEPE profits.
All three tokens have seen significant upside in the past week, with MANA up 38%, SAND 29% and GALA 40% at the time of writing.
Bitbot attracts investors as Telegram apps rally
Bitbot, a new entrant tipped to dominate the Telegram trading bots space, is attracting a lot of investor attention.
Telegram apps or trading bots are custom programs on top of Telegram that offer institutional-grade trading tools and functions. With them, crypto traders access trading on the blockchain without having to log out and into their apps every now and then.
Other key features include things like copy trading, limit orders, trade sniping and AI-enabled trading.
Existing bots such as Unibot, Banana Gun, PAAL AI and PaLM AI offer these tools. However, Bitbot tops all these options with its non-custodial trading – the world’s first Telegram crypto trading bot with this feature.
Given the risks with custody solutions, Bitbot’s security-first approach stands out. The partnership with KnightSafe highlights this focus, while the anti-MEV and anti-rug tools add to the robust security users have. The result is better overall protection for users.
The native token BITBOT will power the Bitbot app ecosystem, offering governance and utility. This includes access to a revenue-sharing offer and other perks like trading discounts.
Rallying crypto and a bullish Bitbot (BITBOT)
The whale’s bet on Shiba Inu and the three gaming tokens suggests big money sees further upward momentum. Experts have predicted crypto gaming could be a big trend in 2024 and beyond, with projects like Gala standing out for their potential to carve a significant share of the market.
A bullish outlook for crypto, with spot Bitcoin ETFs roaring, is also helping this view. Traders are thus keen to exploit any opportunity that arises as Bitcoin edges higher.
In this scenario, one of the segments that could expand rapidly amid influx of money into crypto is the Telegram trading apps market. Bitbot stands out for its potential to dominate this market and for its native token’s investment outlook.
Bitbot presale details
BITBOT has a total supply of 1 billion tokens minted on the Ethereum network. A total of 300 million tokens are available during the ICO, which targets $4.32 million. The presale is currently in stage 4, with BITBOT priced at $0.0116. Early bird investors have allocated over $769k into the project.
When the presale concludes at stage 15 priced at $0.02, the BITBOT token will go live on DEXs and CEXs
More about the Bitbot roadmap and tokenomics are available on the website.
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