Pepe Coin faces a potential 50% decline due to market uncertainties and significant whale sell-offs as predictions of a downturn pop up everywhere. Meanwhile, PlutoChain ($PLUTO) is gaining attention from whales. As a hybrid Layer-2 solution, PlutoChain aims to enhance Bitcoin’s capabilities by introducing smart contracts and decentralized applications, potentially transforming Bitcoin into a more versatile platform. This development could bridge Ethereum’s adaptability with Bitcoin’s security, potentially making PlutoChain an interesting project to keep an eye on. Whale Sells Off a Huge Amount Of Pepe Coin: How Will This Impact Pepe Coin’s Price? Recently, significant whale sell-offs have shaken Pepe Coin’s market stability. Over 1.1 trillion PEPE tokens were offloaded, leading to a 17% price drop within 24 hours. One notable transaction involved a whale depositing 430 billion PEPE tokens, worth approximately $6.39 million, into Binance, intensifying the downward pressure. Another whale recently offloaded 500 billion PEPE tokens , valued at approximately $5.73 million, making an astronomical 17,026x return. The wallet known as “0xc25” bought 4.914 trillion PEPE tokens back in April 2023. These large-scale sell-offs have increased the number of PEPE tokens on exchanges by 1.31%, from 237.18 trillion to 240.28 trillion, creating a surplus in the market. The sudden influx of tokens has eroded recent gains, pushing prices below $0.000014 and raising concerns about PEPE’s ability to recover. Whales Eye PlutoChain – An Innovative Hybrid Layer-2 Solution Made for Bitcoin Bitcoin’s evolution may potentially enter an intriguing chapter with PlutoChain . As the first hybrid Layer-2 solution tailored for Bitcoin, PlutoChain could expand Bitcoin’s utility beyond being a store of value. It plans to introduce smart contracts, decentralized applications (dApps), and innovations like DeFi, NFTs, and AI, possibly reshaping Bitcoin’s role in the blockchain ecosystem. Its groundbreaking approach that uses the Layer-2 solution offers an average 2-second block time compared to Bitcoin’s 10-minute block time. This innovation alone could make Bitcoin more competitive with other faster projects like Solana and Cardano. Developers could gain seamless migration from Ethereum due to PlutoChain’s Ethereum Virtual Machine (EVM) compatibility, potentially opening a bridge between Ethereum’s flexibility and Bitcoin’s security. With its governance system, PlutoChain embraces community-driven decision-making, potentially enabling its users to shape the protocol’s direction. This feature might ensure alignment with user needs and create a dynamic and adaptive ecosystem. The network has proven its readiness through impressive metrics, processing over 43,200 daily transactions on its testnet. Furthermore, independent audits from SolidProof , QuillAudits , and Assure DeFi validate PlutoChain’s commitment to security. PlutoChain could also address Bitcoin’s underdeveloped DeFi market, where the Total Value Locked (TVL) remains only 0.13% of Bitcoin’s market cap, compared to Ethereum’s 10%. Final Words Pepe Coin could potentially face a steep 50% decline as whales sell off massive amounts, causing market instability and oversupply. Whales are shifting focus to projects with real utility, like PlutoChain ($PLUTO) . As the first hybrid Layer-2 solution for Bitcoin, PlutoChain plans to introduce smart contracts, dApps, and faster block times, which could revolutionize its network Its EVM compatibility and community-driven governance could transform Bitcoin’s role in DeFi and blockchain innovation. —————— This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited. 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 .
