Crypto Whales Have Their Eyes On Pepe Coin, Cardano And New ERC-20 Token As Bitcoin Meets Resistance Level

As the market rebounds and shoots above $3.6 trillion, investors are eyeing Pepe and Cardano as two of the potential explosive tokens in the end-of-year rally. They are also accumulating new ERC-20 token Yeti Ouro (YETIO) as the first stage of its presale draws to a close.

Investors Eye Pepe Coin And Cardano (ADA)

After setting the pace in the November rally, memecoins have had a slow December. Over the past week, most memecoins have dipped, with Dogecoin, Shiba Inu, Dogwifhat and Bonk all shedding at least 7%. 

However, Pepe coin has stood out as the biggest gainer in the top ten memecoins, rising by 12% in that time to peak, Pepe price was at $0.00002801, its new all-time high price, on December 9th. At that price, its market cap hit a staggering $11.8 billion, cementing its position as the third-largest memecoin. While it has dipped slightly since soaring to new highs, it remains one of the standouts in the memecoin space and it’s 1,800% up since the turn of the year.

For Pepe, 2024 was the year it came of age and burst into the mainstream. This has earned it listings on the biggest exchanges; the latest was Binance.US, which added the frog-themed coin in early December as only the fourth memecoin on its platform after DOGE, SHIB and BONK. Binance joined other major American platforms in listing the memecoin, including Coinbase and Robinhood.

While Pepe defies the market and rises, Cardano price dipped nearly 10% in the past week. However, investors are buying the dip in anticipation of another market-leading performance from one of the standout cryptos of the November rally where ADA shot up from $0.326 to this year’s high of $1.3054. 

According to Santiment, Cardano whales accumulated ADA worth over $100 million on Thursday alone, expanding their collective holdings to 3.27 billion coins. Over the past week, these whales have invested nearly $300 million into the token, buying the dip and preventing a bigger price slip. In stark contrast, retail traders have been selling their tokens and taking profits. 

Investors Turn Their Attention To Yeti Ouro

Investors are also eyeing Yeti Ouro as a potential 100X memecoin and are snapping up the tokens as the first stage of the presale comes to a close.

Yeti Ouro, an Ethereum-based project that merges the thrill of memecoins with the adrenaline of gaming and the rewards of play-to-earn, has raised over $1 million in its presale. Investors who participated in this stage purchased the tokens at $0.012, a discounted price that will be revised upwards in the next three days. 

Yeti Ouro is built around Yeti Go, a new play-to-earn racing game that’s built using the Unreal Engine, making it engaging and immersive. Yeti Go is more than just a game: it’s a high-stakes battle for survival that tests a player’s skills, reflexes and gaming acumen. Players must avoid hurdles and hazards, fend off attacks from rivals and navigate the tricky tracks to emerge victorious, which earns them a reward paid in YETIO tokens. 

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