As whales back certain cryptocurrencies, three standout projects are gaining momentum and showing potential for massive gains before November. Investors are optimistic about the growth, predicting that a $1,000 investment could skyrocket to $100,000. These whale-favored crypto are positioned for notable price appreciation, making them highly attractive for speculative investment.
Whale-Favored Crypto Ready to Turn $1000 to $100K
Pepe (PEPE)
Pepe (PEPE) is a meme-based coin on Ethereum. It is following in the footsteps of Dogecoin and Shiba Inu. Over the past year, PEPE has surged by an impressive 1,776%, becoming a whale-favored crypto.
The latest PEPE price is trading at $0.00000987 in October, its strong momentum positions it for significant gains. Investors are eyeing PEPE as a potential opportunity to turn $1,000 into $100,000 before November, driven by growing market interest.
The whale activity surrounding Pepe has increased, with noticeable net inflows and outflows impacting its price. Whale interest drives volatility, suggesting potential for significant price growth by year-end.
Solana (SOL)
Solana (SOL), a leading Layer 1 blockchain platform, is gaining traction due to its fast transaction speeds and robust infrastructure. With a vibrant ecosystem and growing developer interest, Solana has maintained a stable price. Currently, the value of SOL is at $169, and crypto has seen a 2% increase since yesterday.
Over the past year, Solana’s price surged by an impressive 479%, positioning it as a whale-favored crypto poised for significant gains in the coming months. Investors closely watch its potential to turn a $1,000 investment into $100,000 before November.
Crazy buying!
Someone created a new wallet and withdrew 32,695 $SOL($5.46M) from #Binance to buy #MEMEcoins!
Spent 18,000 $SOL($3M) to buy 6.95M $GOAT($3.39M) at $0.43.
Spent 11,750 $SOL($1.96M) to buy 31.71M $GIGA($2.08M) at $0.062.
Spent 2,900 $SOL($484K) to buy 1.98M… pic.twitter.com/acI8HX0SuR
— Lookonchain (@lookonchain) October 23, 2024
The whale has created a new wallet and withdrawn 32,695 SOL ($5.46 million) from Binance to acquire memecoins. The whale spent 18,000 SOL ($3 million) on 6.95 million GOAT tokens at $0.43. They also used 11,750 SOL ($1.96 million) to buy 31.71 million GIGA tokens at $0.062 and 2,900 SOL ($484,000) to purchase 1.98 million FWOG at $0.24.
Toncoin (TON)
Toncoin (TON), developed by Telegram, is revolutionizing the blockchain space with its cutting-edge layer-1 infrastructure. Currently priced at $5.16, Toncoin has seen a remarkable 134% increase over the past year.
This significant growth positions it as a potential favorite among whales, making it a promising investment. Investors are eyeing this whale-favored crypto potential to turn $1,000 into $100,000 before November, further bolstering its appeal in the crypto market.
Whale activity in Toncoin (TON) is on the rise, as evidenced by the growing percentage of stablecoin supply held by whales, which is over $5 million. Whale accumulation has fueled price surges and highlighted Toncoin’s growing influence in the market.
With whales backing these cryptocurrencies, they offer great potential for massive returns before November. An initial $1,000 investment could yield substantial gains. However, while opportunities are promising, investors should remain cautious, as the cryptocurrency market is known for its unpredictability and volatility.
Frequently Asked Questions (FAQs)
Whale-favored refers to cryptocurrencies that attract significant investments from large holders, or “whales.”
Whales can heavily influence price movements due to their large holdings and trades.
Speculative growth driven by whale activity can lead to exponential price increases.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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