As the SEC lawsuit progresses, whales are lowering their BNB and Chainlink (LINK) transactions and moving towards more lucrative investments. During this time, VC Spectra (SPCT) and Pepe (PEPE) have proven viable options for investors. On the other hand, BNB and LINK experienced the opposite effect.
Read on to learn why it happened and what it means for BNB (BNB) and Chainlink (LINK).
BNB and Chainlink in Trouble as Whales Dump in Big Numbers
BNB is under constant fire as the SEC unregistered lawsuit threatens Binance operations. This resulted in a continuous drop in BNB price by more than 26% within a month.
BNB is now trading at $229, far behind the $300 range just before the lawsuit listed it as a security. Speaking of market cap and 24hr volume, BNB also needs more support there. Coupled with investors pulling their funds from Binance and BNB, there’s not much left for the coin.
On the other hand, Chainlink (LINK) is in an entirely different trouble than BNB, with Chainlink’s market dipping 20% as major investors move towards accumulation.
Even though Chainlink (LINK) is not listed in the SEC’s 67 cryptos, LINK is still showing signs of mistrust from the market. In the weekly charts, sudden and drastic drops with constantly moving support zones make Chainlink (LINK) a very volatile investment for many.
For reference, Chainlink (LINK) dropped more than 6.9% from $6.22 to $5.82 on 28th June alone.
PEPE Gains Momentum Amidst Big Cash In-flow
After scoring big-time and topping charts on almost every exchange since its release, PEPE saw a severe crash that turned the tide for many. However, the meme coin lived to see another bullish trend.
Lucky for PEPE, the meme coin was selected as an alternative by whales who, in a surprise pump, took PEPE into the green charts by 1.27%. Although the bull run was short-lived, this pushed PEPE into the strong support zone of $0.0000014.
While everything for PEPE points to a strong bullish sentiment, on 28th June, 1.93 trillion PEPE coins were withdrawn from Binance by a whale who lost a $3.03 million bet. This event resulted in another trend reversal that threw the market cap and 24hr volume by 12% and 23%, respectively.
Unfortunately for PEPE, the momentum needed to keep it going is no longer there, and the trend moving forward looks bearish as support continues to fade.
VC Spectra (SPCT) To Shoot Up 900% As Presale Goes Live
VC Spectra (SPCT), an innovative blockchain leveraging AI, has stepped up to revolutionize the investment and asset management industry with its decentralized hedge fund.
With exclusive voting rights available to all VC Spectra (SCPT) investors and a professional team for risk management, VC Spectra (SPCT) is set to create sustainable income and risk-free investment portfolios.
Furthermore, multiple funds are built into the blockchain, tailormade to cater to specific requirements and support innovative startups throughout the VC Spectra (SPCT) ecosystem. In response to public response, VC Spectra (SPCT) also offers access to ICOs enabling SPCT holders to invest in unreleased startups.
VC Spectra (SPCT) has become a star of the show as it raises over $2.3 million in 14 days at seed/private presale events. Moreover, an ongoing public presale has sold 59% of the 125 million VC Spectra (SPCT) tokens available for Stage 1 at a price of $0.008.
The target price set for launch is $0.08, which is 900% from the initial presale price of $0.008, making now the perfect time to buy and benefit from a 10x ROI.
Learn more about VC Spectra (SPCT) on the following links.
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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