Crypto
Recent whale activity in $PEPE has triggered speculation about a major price surge, with some analysts predicting a next rally soon – we’ll explore the details below.
Meanwhile, PlutoChain ($PLUTO) could help Bitcoin scale by reducing transaction time and enabling smart contracts. If it works, Bitcoin might become more useful beyond just being digital gold.
Let’s check out all the details.
Crypto Pepe Coin Price Prediction: Could Big Whale Movement Around Pepe Trigger a New Surge?
According to Lookonchain data, two big PEPE whale movements occurred in January signaling a possible surge for the popular meme coin.
One happened on January 7, when a whale sent 427B $PEPE (worth around $8,5 million) to Kraken. This whale now holds 1 trillion $PEPE valued at $18.4 million and has already made $11.7 million in profits from past $PEPE trades.
The second time PEPE got big attention was on January 27, when multiple whales deposited a significant amount of the coin (ranging from 140B to 430B) to Binance.
Whale sell-offs have had an immediate impact on $PEPE’s price and trading volume. When the wallet of the first whale deposited funds, $PEPE was priced at $0.00001486 (CoinGecko, Jan 27, 2025, 9:00 AM UTC).
Within an hour, the price dropped 5% to $0.00001412. At the same time, trading volume spiked 120%, jumping from 1.5 trillion to 3.3 trillion tokens.
A recent prediction by analyst CryptoELITES on X mentions that PEPE could see a big upward movement soon and an increase in value 8x.
Crypto Could PlutoChain’s Hybrid Layer-2 Functionalities Help Bitcoin Scale And Connect It to DeFi?
Bitcoin remains the top store of value in crypto, but its slow 10-minute transactions and lack of smart contracts have kept it out of the DeFi boom.
PlutoChain, a Layer-2 solution, could help bridge this gap by adding features similar to Ethereum without changing Bitcoin’s core security.
PlutoChain’s design may use Bitcoin’s blockchain for final settlement while running a faster Layer-2 network. It claims to process block times in just two seconds, a big jump from Bitcoin’s base layer.
Early testnet data suggests it could handle over 43,200 block confirmations daily, significantly improving efficiency.
One of its standout features is Ethereum Virtual Machine (EVM) compatibility. This could allow developers to launch Ethereum-like smart contracts and decentralized apps (dApps) on Bitcoin’s network.
If successful, Bitcoin users might gain access to DeFi lending, NFT markets, and other Web3 tools that were previously exclusive to Ethereum and similar chains.
PlutoChain also plans to take a different approach to governance, letting its community vote on upgrades instead of relying on Bitcoin’s slower decision-making process.
Security remains a focus, with audits from firms like SolidProof, QuillAudits, and Assure DeFi. While still in development, PlutoChain could play a role in making Bitcoin more scalable and versatile. There are challenges ahead, but if it delivers, it might help Bitcoin evolve from “digital gold” into a more functional part of the DeFi world.
Crypto The Bottom Line
Whale activity continues to drive $PEPE’s market movements. If demand keeps rising, the predicted surge could become a reality.
At the same time, PlutoChain ($PLUTO) may offer Bitcoin new functionality with faster transactions and smart contract support.
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This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
