The post Crypto News: Whale Invests $24.5 Million in This Meme Coin! appeared on BitcoinEthereumNews.com.
Extraordinary times are shaping the crypto market. Bitcoin has crossed the $100,000 mark for the first time in an impressive year-end rally, while numerous altcoins are delivering remarkable performances. Meme coins, in particular, are in the spotlight this year, surpassing the expectations of many investors. Alongside Dogecoin ($DOGE), which recently reached a valuation of over $60 billion, $PEPE remains one of the most exciting meme coins on the market. A crypto whale, who has already made millions with $PEPE, is now stepping in again. Does this mean the next big rally is just around the corner? At the same time, another innovative project (New Bitcoin Layer 2 Solution) may be worth taking a look at because it could significantly expand Bitcoin’s capabilities and push the leading asset beyond being just a store of value – PlutoChain. Let’s break it down After $11 Million in Profits, the Whale Invests Again Meme coins like $PEPE are riskier than established cryptocurrencies like Bitcoin but offer enormous profit potential. They are less reliant on technological utility and more on hype and community support. However, examples like $PEPE show that these coins can deliver extraordinary returns for investors. A prime example: an investor who initially invested $27 in $PEPE turned it into over $50 million. The coin is now the third-largest meme coin by market capitalization and briefly reached a value of over $11 billion. Even investors who entered at a market cap of over a billion dollars were able to multiply their capital. Now, a crypto whale is once again making headlines. After recently realizing an $11 million profit with $PEPE, he has massively reinvested in the coin. According to on-chain data, he bought $PEPE worth $24.5 million, which could indicate another price surge. $PEPE: Return After the Correction? The whale has proven in…