Market Washout Leads PEPE & SHIB Whales to Cash Out $1M to Buy This Altcoin Defying The Bear Market

October 28, 2024

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Data from on-chain analysis reveals that over $1 million worth of PEPE and Shiba Inu (SHIB) has been liquidated recently, with whale investors redirecting funds toward an altcoin that’s caught the market’s attention for its resilience. Many cryptocurrencies struggle to find their feet in bearish pressures, but this altcoin is showing signs of potential high returns.

PEPE and SHIB: Whales On the Move

Two of the top memecoins, PEPE and SHIB, have both been hit by sell offs from some of their largest holders. At present, PEPE sits at a trading price of $0.0000097 and is down by 6% in weekly charts. The same is true for SHIB, which continues to hover at $0.00001767 a 5% decrease for the worse. While just the tip of the iceberg, these drops highlight the open uncertainty that is a hallmark of speculative assets that have seen a broader downtrend, including even those memes with the most robust communities.

DTX Exchange (DTX): New Destination for Investors as it Beats Bear Market

In contrast to the pains of PEPE and SHIB, DTX Exchange’s has been moving upwards with a gradual, steady movement. Unlike memecoins, whose price is often dictated by sentiment rather than real-world applications, DXT is a breath of fresh air in a bear market.

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DTX Exchange’s Layer-1 blockchain features proprietary trading, which is capable of facilitating the trading of a broad range of assets. While many platforms exist solely on crypto offerings, DTX allows users to bridge TradFi and DeFi in a unique way to create a robust trading ecosystem.

At a current token price of $0.08 in the fourth round of the presale, it has raised almost $6 million already. Additionally, it recently got pre-listed on CoinMarketCap, which was a huge boost of confidence for early investors. Upon the news, some experts predicted it will increase 3-4x after its ICO.

Conclusion: DTX is The Altcoin to Watch in 2025

The migration of capital to DTX from various PEPE and SHIB whales demonstrates an increasing stream of interest to the altcoin. With a platform that is capable of handling market turbulence, whales are thriving in a bear market with — the strategic pairing of DTX’s innovation and outstanding potential.