Bitcoin News Today: Bitcoin Whales Trigger $6B-$8B Profit-Taking Wave as WeWake Presale Crypto Gains Momentum

Large Bitcoin holders, known as "whales," have triggered a third wave of profit-taking, with billions in realized gains observed as prices struggle to maintain levels above $120,000. On-chain data reveals that between $6 billion and $8 billion in profits were locked in late July, a pattern that has emerged during previous market peaks in March and December 2024. Both new and long-standing whale entities are actively distributing their holdings, with some selling large chunks of Bitcoin, including a notable 80,000 BTC transaction executed through Galaxy Digital and distributed across major exchanges like Binance and Coinbase [1].

Simultaneously, the WeWake presale crypto project is gaining traction, offering a walletless and gasless onboarding model that eliminates traditional barriers to entry for new users. The platform leverages smart wallet technology and Paymaster APIs to streamline the user experience, enabling logins via familiar services such as Google or Telegram without the need for seed phrases or crypto wallets. At $0.0160 per token, WeWake is in its fifth presale stage and has released its whitepaper for public review, outlining a roadmap that includes a testnet launch in Q4 2025 and a mainnet deployment by Q2 2026 [1].

The project’s emphasis on accessibility is designed to accelerate mass adoption by removing technical complexity from the user journey. Developers are also being supported through integration tools such as SDKs, allowing for faster onboarding in decentralized applications. Additionally, WeWake’s built-in Paymaster system covers gas fees, enabling users to engage with DeFi, NFTs, and Web2 integrations without transaction costs [1].

The timing of these developments suggests a broader shift in how users are entering the crypto ecosystem, with projects like WeWake positioning themselves at the forefront of a more user-friendly future. As whale activity continues to influence short-term price dynamics, the rise of walletless and gasless solutions may contribute to a more stable and inclusive market in the long term. However, investors should remain mindful of the volatility associated with profit-taking phases, recognizing that whale actions do not dictate the entire market’s trajectory [1].

Source: [1] Whales Drive Third Wave of Bitcoin Profit-Taking as WeWake Presale Crypto Powers Adoption (https://coindoo.com/whales-drive-third-wave-of-bitcoin-profit-taking-as-wewake-presale-crypto-powers-adoption/)