"PEPE Whale Dumps $3.2M SHIB, Bets on AI Utility Token"

PEPE Whale Onchain Activity: Selling $3.2M in SHIB, Buying AI Utility Token

A significant PEPE whale has been observed selling over $3.2 million worth of SHIB (Shiba Inu) and purchasing an AI utility token, according to onchain data. This transaction comes as PEPE investors are shifting their focus towards SHIB and IntelMarkets, two altcoins that have emerged as explosive investment options during this bull run.

SHIB has shown an intraday increase of 7.30%, while INTL's presale mania continues to gain momentum. Although both altcoins are highly bullish, PEPE investors appear to be more tilted towards INTL, fearing that the Shiba Inu rally might be short-lived.

Pepecoin (PEPE) is currently at a crucial support level, with investors debating whether the meme coin can bounce back. The token's recent small rebound followed Ethereum's climb towards the $5,000 mark, but its lack of a clear use case makes long-term growth challenging. If Ethereum continues to rally, PEPE could experience short-term gains, but its reliance on social sentiment and trading volume makes it vulnerable to rapid downturns.

Meanwhile, IntelMarkets (INTL) offers a new approach to meme coin culture by introducing a decentralized minting platform. This platform allows creators to turn their digital works into unique blockchain assets, creating sustainable value beyond fleeting price pumps. The platform's advanced trading robots, running on a dual-chain functionality, monitor data in real-time, delivering top-notch trading performance with AI implementation on the layer-1 blockchain.

Shiba Inu's recent price surge has caught the market off guard, with a 125% price jump attracting PEPE investors to SHIB. However, the rally was fueled by whale activity, and a sudden sell-off could erase gains overnight. Additionally, SHIB's quadrillion token supply makes price increases challenging to sustain, and hype-driven pumps rarely last. In contrast, IntelMarkets has raised over $11 million in its ongoing presale, with more massive inflows en route, making it an attractive investment option for both institutional investors and retail traders.