There is a growing consensus that the next crypto bull run is right around the corner.
Prominent crypto investor Sensei highlights that the last bull run started 180 days after the halving. As of Monday, exactly 180 days have passed since this year’s Bitcoin halving.
Unsurprisingly, whales and institutions are already gearing up for the ‘up only’ market. While institutions appear to prefer Bitcoin, whales are stacking new meme coins like GOAT and PEPU, hunting for outsized returns.
Institutions Buy Bitcoin, How High Can BTC Go?
Institutions are extremely bullish on Bitcoin, with spot Bitcoin ETFs recording strong inflows.
BlackRock, in particular, is contributing to the strong buying pressure on BTC, with its IBIT ETF recording over $1.5 billion in inflows over the past 6 trading days. While several spot BTC ETFs saw outflows on October 21st, BlackRock added a massive $329 million to its tally.
The IBIT spot ETF now holds over $23 billion worth of Bitcoin while Fidelity has $10.3 billion worth of BTC of its own.
BlackRock’s bullish stance isn’t surprising. The multi-trillion dollar asset management firm recently published a Bitcoin whitepaper, calling it a unique diversifier. The paper highlighted BTC’s nature as a “scarce, non-sovereign, decentralized global asset”, calling it a “flight to safety option in times of fear”.
Non-ETF issuers are also bullish on Bitcoin. Billionaire and hedge fund manager Paul Tudor Jones revealed that he is long on Gold and Bitcoin in the long term.
With prominent TradFi giants bullish on it, it wouldn’t be a surprise if BTC outperforms expectations during this bull run.
While a growing number of experts believe that it will hit triple digits at some point in early 2025, a few like Doctor Profit believe that the Bitcoin price could reach as high as $380k.
Whales Buy New Meme Coins Like GOAT, PEPU
While institutions prefer Bitcoin, whales are stacking new meme coins, hunting for 10x to 100x returns.
For instance, data from Lookonchain reveals that whales are heavily buying GOAT, a new meme coin that is up by over 300% over the past month.
A whale has invested over $7 million into the meme coin to buy over 21 million coins.
With such heavy interest from deep-pocketed investors, it is no surprise that experts are calling Goatseus Maximus the next billion-dollar meme coin.
However, GOAT isn’t the only new meme token that whales are stacking. The presale project Pepe Unchained (PEPU) is also in high demand and has already raised $21.7 million in its ICO.
The PEPU ICO has added nearly $800k to its tally in just 24 hours, thanks to large whale investments. For instance, one whale purchased $52k worth of the meme coin on October 21st.
Unlike GOAT, Pepe Unchained is a utility-driven meme coin, which is adding to the hype surrounding the project.
Thanks to its upcoming Layer-2 ecosystem, PEPU holders will benefit from low transaction fees, instant transactions, high staking rewards and advanced analytics. Experts believe this is the perfect formula to drive up retail investment, which gives Pepe Unchained an edge over most new Ethereum meme coins.
Besides the whales, prominent crypto influencers are also bullish on PEPU. In a recent video, Austin Hilton – who has 275k YouTube subscribers – claims that Pepe Unchained is “going to break all records”.
Cilinix Crypto – with over 72k YouTube subscribers of his own – has called PEPU one of the best presales to invest in right now.
Some prominent crypto traders have also revealed that they are eyeing 10x to 100x returns with PEPU.
