U.S.-U.K. Trade Deal Optimism Prompts Whales' Return to Pepe and Ethereum Investments - Top Crypto Picks for Buying Now
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Last week, Ethereum exploded 20% and smashed the $2,000 mark while Pepe skyrocketed 36%, as crypto whales came roaring back following Trump's announcement about a US-UK trade agreement boosting spirits.
Trump described the deal as a "milestone" that would whisk away trade barriers and fling wide the gates for American goods to flood UK markets—chiefly beef, ethanol, and assorted agri-exports. According to him, almost every product crafted by our farmers would profit.
The market reacted swiftly. One whale parted ways with $5.5M to stockpile OFFICIAL TRUMP (TRUMP), while another spent the same amount shorting ETH, but saw his gamble blow up as ETH prices soared to a peak of $2,352, as per Lookonchain.
However, it was Pepe that stole the limelight, soaring 35.5% and rising to No.1 on CoinGecko, propelling its market cap to a jaw-dropping $5.37B.
Meme coins laughed all the way to the bank as the sector flourished almost 25%, with Moo Deng surging 159% and Peanut the Squirrel 59%, while market leaders Dogecoin and Shiba Inu each found themselves 13% richer.
Ethereum Jumps Six Feet Over $2K; Whales Wander Back
Trump's declaration enabled Ethereum to leapfrog above $2K, trading at $2,352.06 at 5:52 a.m. EST, while the crypto arena overall saw its market cap skyrocket over 6% within the previous 24 hours, as indicated by CoinMarketCap data.
Whales, including a large investor, scooped up 390,435 OFFICIAL TRUMP (TRUMP) for $5.53M at an average price of $14.16 earlier today, according to on-chain analysis platform Lookonchain.
"Just spent $5.53M to buy 390,435 of those trump tokens at $14.16 an hour ago," the whale exulted on Twitter.
Another whale with the Lookonchain tag lost a whopping $4.77M in barely 8 hours while attempting to short ETH as it continued to surge.
"Tried to short my way to riches, lost $4.77M in under 8 hours. Ouch!" the whale grumbled on Twitter.
Top Crypto to Bid On Now: Whales on the Move
Whale activity hasn't been limited to the heavy hitters. A $200K whale investor splurged on Solaxy (SOLX), with meme coins drawing increased interest as investors scour the corner of the crypto market for high-yield prospects during the post-trade rally.
With the Crypto Fear & Greed Index again displaying a "greedy" state and capital flooding back into riskier assets, market savants are hailing early-stage tokens as some of the most compelling investments ahead of the next bull run.
Top picks among the cryptoscape now feature:
Solaxy (SOLX)
Solaxy, debuting as the first layer-2 scaling solution for Solana, plans to banish Solana's troublesome congestion issues.
The project will wrap Sol transactions off the Solana mainnet and subsequently submit the transaction batches to the layer-1 for final validation, thereby boosting the network’s transaction capacity.
Solaxy will also unite Solana and Ethereum networks to create a colossal Web3 platform capable of catering to the increasing demands of the decentralized app and meme coin developers.
Investors have put their believe in Solaxy, forkling over $34M in cash, making it one of the most triumphant presales of the year. The funds have been reinforced by a recent $200K whale purchase.
89Bitcoins, a revered crypto YouTube channel with over 724K subscribers, has also predicted the crypto could surge 100X once released.
Solaxy's team has been burning the midnight oil, pushing the testnet live and rolling out the block explorer. The latest update from the team reveals they have improved the chain's rollup mechanisms, fixed user interface issues, enhanced their test suite, and expedited node syncing on restarts.
MIND of Pepe (MIND)
MIND of Pepe, hailed as the first AI derivative of the PEPE brand, intends to trick the meme coin market with its sleek AI agent, launching on May 10th.
The AI software is always on the lookout for new crypto trends online to identify potentially profitable trading opportunities. Once a new trend is identified, the AI dishes out tips on the trend to MIND holders, giving them an edge.
Moreover, the AI has the power to churn out its own tokens that align with each new trend, promoting the tokens online, trading them, and recirculating the profits back into the MIND token. With each new crypto, MIND holders get the chance of first-dibs.
MIND of Pepe's AI and meme coin allure has appealed to 89Bitcoins, who predict a 10X growth post-launch.
The project's blockbuster ICO has entered its final stage, with only 22 days left for investors to secure a spot on the ground floor of the MIND of Pepe project, and unlock an extraordinary 255% staking APY exclusive for presale investors.
BTC Bull Token (BTCBULL)
BTC Bull Token, a unique meme coin, promises to reward its investors with a batch of free Bitcoin via airdrops as Bitcoin surges towards new records. The first airdrop will be when BTC hits $150K. Every subsequent $50K jump in the crypto's price will trigger another airdrop, all the way to $1M per Bitcoin.
BTCBULL will also offload tokens with each $25K increase in BTC's price, starting at $125K.
89Bitcoins anticipates BTCBULL could skyrocket 10X after its launch.
Gauging from the crypto community's sentiment, many investors are equally optimistic about the crypto's prospects and have pumped over $5.4M into its presale.
Best Wallet (BEST)
Best Wallet is a revolutionary Web3 wallet creating a stir because of its user-friendly interface and useful features. The app empowers users to manage, expand, and safeguard their digital assets on a single platform.
Best Wallet's ace up its sleeve is its "Upcoming Tokens" section, highlighting high-potential cryptos still in their fledgling stages.
So far, the project has put the spotlight on Pepe Unchained (PEPU) and Catslap (SLAP), two meme coins that sent early investors into heights of wealth. Plus, unlockable perks can be unleashed by merely holding BEST tokens.
With everything Best Wallet brings to the table, it's hard not to see why YouTube sensation Austin Hilton, with over 347K subscribers, thinks BEST is the greatest crypto ever conceived.
Best Wallet's presale has raked in over $12M, showcasing an overwhelmingly positive response from the crypto market.
SUBBD Token (SUBBD)
SUBDD Token, a new kid on the block, intends to take a stand against popular content creation platform OnlyFans by integrating AI and blockchain technologies, streamlining creators' administrative tasks.
By combining AI and blockchain, the platform hopes to address the chasm between creators and their audience, giving creators more time to foster relationships and offer an unparalleled user experience.
Crypto watcher ClayBro, with over 136K subscribers, believes SUBDD is poised to dethrone established content creation platforms and yield substantial gains.
SUBDD Token has already garnered over $356K in early-stage funding via its presale, promising crypto investors a 20% yearly staking return.
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- The significant increase in crypto prices, such as Ethereum's gigantic leap over $2K, could be a result of the positive sentiments triggered by Trump's US-UK trade agreement announcement, leading investors to purchase various cryptocurrencies like OFFICIAL TRUMP (TRUMP) and further boosting the crypto market's total value.
- In the ever-evolving world of finance and technology, potential investments for the next bull run are surfacing, with notable projects like Solaxy (SOLX), MIND of Pepe (MIND), BTC Bull Token (BTCBULL), Best Wallet (BEST), and SUBDD Token (SUBBD) rising in popularity, appealing to whales, crypto influencers, and the broader community alike due to their innovative features and future potential for massive growth.
