Bitcoin Pepe attracts ETH investors as profit taking pushes Ethereum price below $2k
- Ethereum price is struggling below $2k amid whale sell offs.
- Bitcoin Pepe is drawing ETH investors’ attention.
- Bitcoin Pepe's roadmap and tokenomics is fueling investor excitement.
Ethereum price has again failed to hold above $2,000 amid profit-taking by early Ethereum whales.
As these large holders sell off their positions, the market faces heightened pressure, driving ETH below this key psychological threshold.
This trend has sparked a search for fresh investment avenues among ETH investors.
Among the cryptocurrencies investors are turning to is Bitcoin Pepe, an innovative crypto project merging meme coin culture with Bitcoin’s blockchain.
Ethereum price struggles to reclaim $2k
Copy link to sectionAt press time, Ethereum was trading at $1,975.94, down from a daily high of $2,021.38 on March 20.
Profit-taking by early investors, or “whales,” is a major culprit.
For instance, a whale known as ‘0x086’ sold 34,125 ETH on Coinbase, pocketing $65.66 million, according to SpotonChain.
Having bought at $46.3 per token in 2017, this sale at $1,970 underscores the massive gains driving such moves.
These large sell-offs ripple through the market, amplifying volatility.
Analysts like Ali Martinez caution that if ETH can’t reclaim $2,050, it might slide to $1,500 or even $1,095.
On-chain data backs this bearish outlook: ETH futures open interest and trading volume are shrinking, signalling fading trader enthusiasm.
Ethereum ETFs aren’t helping. Outflows persist, partly because they lack staking options—a key yield source in crypto that BlackRock’s Robbie Mitchnick notes makes them less appealing.
Meanwhile, NYSE’s proposal to add staking to its Bitwise Ethereum ETFs is still nascent, offering no immediate boost.
Competition adds to Ethereum’s woes. Rival Layer-1 chains like Solana, with faster transactions and lower costs, are luring developers and users away. This shift could sap ETH demand further.
While upcoming Ethereum upgrades like Pectra aim to enhance scalability, they’re still in testing, delaying any ETH price relief.
Bitcoin Pepe emerges as an attractive alternative
Copy link to sectionAmid the Ethereum price turbulence, Bitcoin Pepe (BPEP) is turning heads with its ongoing presale dubbed the “world’s only Bitcoin meme ICO.”
The Bitcoin Pepe presale has gained major momentum, advancing through its first six stages with strong investor interest.
The Bitcoin Pepe presale has already raised over $5.6 million, with staged price hikes spurring early buys.
Currently priced at $0.0281 in the seventh presale stage, the BPEP token price has already seen a 33.8% rise from its initial price and it is expected to continue appreciating in the remaining stages up to a final presale price of $0.0864.
Notably, Bitcoin Pepe is a Layer-2 solution for Bitcoin, enabling meme coin creation via a new PEP-20 token standard.
This fuses Bitcoin’s secure, decentralized backbone with the viral appeal of meme coins and Solana-like scalability.
But why the allure for ETH investors? Meme coins have a track record of explosive growth, and hosting them on Bitcoin’s blockchain—a network synonymous with stability—adds a fresh twist.
As ETH holders cash out profits amid the Ethereum price decline, Bitcoin Pepe promises high-return potential, drawing risk-tolerant traders.
Post-presale, $BPEP tokens will hit both DEXs and centralized exchanges, broadening access and offering holders an opportunity to trade.
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