Recent events have shown that big token holders, or whales, are interested in IntelMarkets (INTL), Sui (SUI), and Pepe (PEPE). As the cryptocurrency market shows indications of rebounding from adverse pressure, these coins are preparing for an advance, with Bitcoin (BTC) recording significant increases.
Let’s learn more about why whales are concentrating on SUI, INTL, and
Whale investors are drawn to IntelMarkets’ ongoing presale
Whale investors are now watching IntelMarkets, a new AI currency, as it moves through its presale after showcasing the possibility of exponential development. During IntelMarkets’ presale, you can purchase its native token INTL for less than it will trade on cryptocurrency platforms, allowing you to profit early.
With a dual-chain architecture that combines Ethereum and Solana, IntelMarkets is a perpetual contracts exchange driven by blockchain technology and artificial intelligence. As required by their plans, customers can now experience faster and more affordable trades on their preferred blockchain thanks to the dual-chain system’s flexibility and scalability.
In order to provide traders complete control over their assets and earnings, the platform seeks to decentralize the perpetual contracts market. Users can access several asset pairs on IntelMarkets and trade each one with leverage of up to 1,000x, which multiplies the possible returns.
The exchange, which is AI-based, provides automated services that let customers trade and earn without having to interact with the platform manually. Because AI-powered self-learning robots can mimic traders’ trading and profit-booking techniques, traders can be active in the market around-the-clock.
The $400 million insider selling accusation is denied by the Sui Foundation
The Sui Foundation has refuted recent allegations that insiders sold $400 million worth of SUI tokens during the recent price increase. On October 14, 2024, the Foundation confirmed on X that none of its holders had engaged in early selling or violated lock-up agreements.
According to the Sui Foundation, all holders have been adhering to lock-up agreements, and the planned unlock dates have not changed.
This claim was made by certain community members who expressed worry over ICO-era wallets selling a significant quantity of SUI coins.
According to the Foundation’s answer, the accusations might be made against a “infrastructure partner,” who is in possession of tokens that are subject to a lock-up period. Nonetheless, this partner has continued to adhere to the Foundation’s lock-up timeline.
This promise, however, hasn’t convinced skeptics like Multicoin Capital’s Kyle Samani, who says the Foundation’s statement was “written as deceptive as possible.”
SUI has increased 3.01% in just seven days to $2.05 at that point.
As the market is hit by strong buying pressure, PEPE is expected to rise by 50%
Over the past seven days, PEPE has increased by 12%, preventing the frog-themed meme coin from plunging to a monthly low. The meme coin may soon see a 50% boost if market sentiment stays positive and PEPE is able to overcome significant barrier areas.
Readings from the Money Flow Index (MFI), which indicate that the asset is above the midpoint, support this view. The MFI uses price and volume to measure buying and selling volume in order to identify whether an asset is overbought or oversold.
This bullish forecast is further supported by the Ichimoku Cloud indicator. In particular, PEPE is trading above the cloud, suggesting that the meme coin may soon be ready for a surge.
Key resistance for PEPE is $0.000011. If this ceiling were broken, the price would rise to $0.000015. PEPE has gained 8.95% over the past seven days, trading at $0.000010.
For huge returns, large holders purchase INTL, SUI, and PEPE.
Because INTL, SUI, and PEPE all show a propensity for short-term growth, whale investors are expected to purchase these coins. The AI market is dominated by INTL, the altcoin market is still led by SUI, and the memecoin market is dominated by Pepe.
It is anticipated that the values of INTL, SUI, and PEPE would rise significantly when these currencies come under the attention of whale investors. As a result, they may present chances for individual investors who want to profit from price increases brought on by whales.
