Shiba Inu ($SHIB) may be down right now, but it’s definitely not out, as heavyweight traders rush in to buy the dip. The recent 62B $SHIB movement has helped push the coin’s price up, which had dropped sharply in the past few days.
Currently listed among the top 20 cryptocurrencies, $SHIB is hinting at a potential comeback. We’ll soon find out if these recent whale purchases could be the trigger.
Whales Breathe Life Into the Struggling $SHIB
According to Nansen data, whales have been snapping up $SHIB tokens over the past several days. Based on our estimates, these large holders have bought 62B $SHIB, equivalent to around $745K during this period.
One of the world’s best meme coins, $SHIB, has been on a steep downtrend since this weekend, bringing the price below $0.000012. But the whale buys have pumped some life into $SHIB and pushed it near the $0.0119 in today’s trading.
It remains to be seen how this recent wave of purchases helps support the token’s price.
In the meantime, check out three coins with the potential to be the next crypto to explode.
1. Bitcoin Hyper ($HYPER) – Unlocking Meme Coins in the Bitcoin Ecosystem
When it comes to cryptocurrencies, Bitcoin’s status as the most popular and most valuable asset is unmatched. But it’s not without its flaws.
Aside from that, currently Bitcoin serves as a good store of value, but you can’t stake it or do other things coins on other chains are capable of.
This is where Bitcoin Hyper ($HYPER) comes in. It plans to develop a Layer 2 network to take the Bitcoin ecosystem to the next level.
The L2 runs on a Solana Virtual Machine, which enables it to deliver Solana-level transaction speeds and low fees. Plus, it also unlocks other applications for $BTC, including staking, meme coins, dApps, and more.
Its native $HYPER token will be your gateway to exciting benefits when the L2 launches. These include governance rights and access to exclusive features. Of course, you can also use it to pay for gas on the network.
Help unlock the power of $BTC. Join the Bitcoin Hyper presale today.
2. Maxi Doge ($MAXI) – Say Hello to Doge’s Degen Cousin
For degens, Dogecoin is the token to have, which is why it isn’t surprising that it’s the only meme coin in CoinMarketCap’s top 10 crypto list.
What many don’t know, though, is that Doge has a far more exciting cousin called Maxi Doge ($MAXI). Shunned by his relatives for far too long, Maxi is now turning all the dials to 11 in his quest for max gains.
From chasing pumps to his mom’s approval, Maxi isn’t one to do anything half-heartedly. So he chugs his favorite energy drink, stares at charts for hours, and skips sleep all to pursue those green candles.
This gung-ho attitude towards trading has earned him a lot of fans who have helped pump his meme coin, $MAXI.
Priced at just $0.000259, the token is your ticket to dreams of 1000x leverage, no stop-loss, and trading like there’s no tomorrow.
That’s partly because, with 40% of the token supply going towards marketing, Maxi will have all the ammunition he needs to steer more degens to the fold.
But hurry. Now’s your chance to buy Maxi Doge ($MAXI) before the next price increase in a couple of days’ time.
3. Pudgy Pandas ($PANDA) – Raising Funds to Save the World’s Pandas
Cute and cuddly, pandas are at risk of being wiped out from the face of the earth. Fortunately, Pudgy Pandas ($PANDA) are here to ensure that doesn’t happen.
With the funds they’ll accumulate, 10% will go to their panda conservation foundation, while another 10% will go to the panda birth initiative. Both will help provide a better environment for the world’s pandas to thrive.
Time is running out for pandas and the presale, which only runs until October 18. The good news is, if you get in now, you can claim your tokens immediately as the presale has no lockup period.
There will be a total of 11 price increase stages throughout the presale. With three stages already over, it’s best to act quickly so you can still get your share of $PANDA tokens at a discount.
To learn more about the project, check out the Pudgy Pandas whitepaper.
Even as $SHIB continues to slide, the recent slew of whale buys is proof of the enduring attractiveness of one of the market’s all-time favorite meme coins.
Disclaimer: Do your own research. This is not investment advice.
Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/best-meme-coins-whales-buy-62b-shib
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