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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

Tesla Dumping $760 Million In BTC – Is A Price Slump Incoming?

Bitcoinist
by Bitcoinist
Last Updated: October 29, 2024 6:29 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tesla and its owner, Elon Musk, have been known to impact crypto prices significantly in the past. For example, whenever Musk mentioned Dogecoin in a tweet, the token would explode in price, resulting in massive gains for all holders. Just days ago, the electric car giant Tesla moved over $760 million worth of BTC, scaring some investors into thinking a massive token dump was coming, which would result in a significant price dip.

However, since there has been no sale yet, it is safe to say that Tesla will not sell its tokens and will not negatively impact the market. So, let’s see what happened and why investing in emerging cryptos like Pepe Unchained, Crypto All-Stars, Flockerz today could lead to massive gains by the end of the year. 

>>>Buy Best Cryptos Here!<<<

Tesla Moving Entire Bitcoin Balance

Tesla is one of the leading corporations in crypto adoption and has one of the most valuable BTC wallets on the planet. However, its BTC assets have been dormant for a long time, but the company decided to transfer all digital assets to multiple wallets last week. Industry experts closely followed the move, sparking concern across the entire community. Some experts expected a massive dump of BTC, resulting in a price drop-off and a bearish market. 

Rumors of a massive $764 million in BTC spread throughout the community, but the entire situation was a scare. Instead of dumping over 11,500 BTC, Tesla split its tokens into seven wallets, each containing between 1,100 and 2,200 BTC. The company has made a few historical token dumps in the past. One was in Q1 of 2021 when Tesla sold over $273 million worth of BTC, and the second was in Q2 of 2022 when it dumped $936 million worth of tokens. So, the scare was not without reason, but considering that the company has not made any moves yet, it’s clear that Tesla has other plans for its massive crypto holdings. 

This means BTC is stable and will likely gain value in the next few months. The token is currently testing the $69K resistance level, and if it gains enough support, it could reach new all-time highs in the next few weeks. The current stable situation is pushing the greed index higher, resulting in a significant increase in capital for the entire crypto market. That brings us to a few excellent crypto ICOs showing explosive growth potential. All of them will go live amid the crypto bull run, potentially resulting in massive gains for all early investors. So, let’s look at the best presales you don’t want to miss this October.

>>>Buy Best Cryptos Here!<<<

1. Pepe Unchained – First Ever Layer 2 Meme Coin Presale Breaking All Records

Pepe Unchained is the first Layer 2 meme coin built on its own dedicated blockchain. It entered presale two months ago, and it quickly gained a devoted audience and an impressive number of investors. The ongoing $PEPU token presale has been among the most successful meme presales ever, raising over $23 million without showing any signs of stopping. 

Even though it’s inspired by the internet’s most popular meme – Pepe the Frog, this meme coin is much more than a simple joke. Its Layer 2 design solves the biggest challenges of Ethereum, offering 100 times faster transaction speeds at much lower costs. Not only that, the entire ecosystem is made according to the best industry practices, with carefully designed tokenomics, token allocation, and an excellent staking protocol. Everything about Pepe Unchained is pointing to the next 100X meme coin release, which is why it gained such a devoted community in the first place. 

Since the $PEPE token presale launch, the project has also introduced a unique program for developers to help build a strong blockchain with excellent applications. By launching the “Frens WIth Benefits” program, Pepe Unchained will reward developers with real cash for the best apps built on the L2 solution. Lastly, investors who buy $PEPU tokens before the presale ends can stake them for 100% rewards a week after the first listing. $PEPU is undoubtedly the next meme coin to explode, so don’t miss out on investing early to secure your ticket to the moon!

>>>Buy Pepe Unchained Now!<<<

2. Crypto All-Stars – Revolutionary Multi Meme Coin Staking Project With Explosive Potential

Crypto All-Stars brings a new approach to meme coin staking through a unique protocol that allows users to stake up to 12 popular meme coins to earn $STARS tokens. The protocol is called “MemeVault,” and it allows users to stake memes such as DOGE, SHIB, BRETT, and others in one platform without any risk. That makes Crypto All-Stars an excellent choice for meme coin enthusiasts, as it allows them to earn a profit while holding on to their favorite memes.

The project is available in presale, which has raised nearly $3 million so far, and $STARS tokens are currently available for as little as $0.0015309. Moreover, if you buy the tokens during the presale event, you can stake them immediately to earn an APY of 545% before the official launch. The rewards will decrease as the number of investors grows, but you can still expect to receive three times the amount you buy.

The project follows best industry practices, emphasizing transparency and long-term sustainability. It’s easily one of the best meme coin presales this year, and if you invest today, you can expect significant returns after release. 

>>>Buy Crypto All-Stars Now!<<<

3. Flockerz – Vote-to-Earn Meme Coin That Puts the Power In Your Hands

Flockerz is another unique meme coin that has captured the attention of investors in the past month. It’s built around a Vote-2-Earn reward system that gives you complete control, allowing you to vote on every important decision that will shape the future of the platform. This approach aims to create a win-win situation for all users, ensuring that every $FLOCK token holder is aware of exactly what’s going on.

The user base, called the Flock, will practically get a chance to mold the future of Flockerz while making a profit. That makes Flockerz the only meme coin that listens to its user base, unrolling features and options they want to have. The platform promises many upgrades, features, and developments after launch, giving users plenty of exciting things to consider.

Of course, users can also earn a profit by staking their $FLOCK tokens for a limited time. The current APY is above 1,500%, which is more than generous, so the sooner you invest, the higher the rewards you’ll get. The official token presale has raised over $1.1 million in just a few weeks, showing that the Flock is growing steadily daily.

>>>Buy Flockerz Now!<<<

Final Words

Tesla’s sudden movement of $760+ million worth of BTC has scared some investors into thinking a massive price dip was coming, but we can now see that the company will not sell its cryptocurrencies. The trajectory shows that BTC, ETH, and many other cryptos are bullish, and we’re likely to see new ATHs for countless tokens on the market.

That, of course, includes meme coins that have been among the highest-gaining cryptos this year. If you invest in new memes such as $PEPU, $STARS, and $FLOCK as the markets expand, you can likely expect 20X gains or higher in the next few months. Good luck!

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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