"Whales Boost PEPE Despite Price Drop; PlutoChain Aims to Revolutionize Bitcoin"

Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 1:16 pm ET1min read
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Pepe Coin, a meme-inspired cryptocurrency, has recently gained attention due to significant investments from large-scale investors, known as whales, despite a recent price drop. Two major whales have purchased hundreds of billions of PEPE tokens, indicating a potential rally in the market.

Currently, Pepe Coin (PEPE) is trading at around $0.00009575, up 0.7% in the last 24 hours, with a trading volume of $821 million over the past day. One whale, linked to the wallet "0x8f5," recently withdrew 280 billion PEPE tokens (worth about $5 million) from Binance, while another whale, "0xb1a," purchased 200.4 billion PEPE for $3.72 million USDC. These big purchases are happening while PEPE's price has dropped nearly 29% over the past month, but trading volume is up 16.5% in the last 24 hours, indicating strong interest in the token.

Analysts have set price targets for PEPE, with Bobby Beans predicting a potential rally to $0.018. However, he also cautions that the token could collapse before reaching that level. As the market remains volatile, it is essential to conduct thorough research and consider expert advice before making any crypto-related decisions.

In parallel, a new hybrid Layer-2 solution, PlutoChain ($PLUTO), has emerged as a potential game-changer for Bitcoin. This innovative solution aims to address Bitcoin's fundamental limitations by offering faster transactions, lower fees, and expanded blockchain capabilities. With a block time of just two seconds on its own Layer-2 chain, PlutoChain could make Bitcoin more practical for everyday purchases, online payments, and cross-border transfers. Additionally, its integration of Ethereum Virtual Machine (EVM) compatibility may enable DeFi applications, NFTs, and AI-driven blockchain projects to run on Bitcoin's network, leading to entirely new use cases.

PlutoChain has undergone audits by reputable firms to ensure the platform's security and reliability. It has also demonstrated its scalability by handling over 43,200 transactions in a single day during testing. Unlike Bitcoin's miner-controlled development, PlutoChain allows users to propose and vote on upgrades, maintaining a community-driven and transparent ecosystem.

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