The post Will Traders Buy This New Meme Coin While BONK Dips? appeared first on Coinpedia Fintech News
Crypto traders are selling Bitcoin, but whales accumulated in droves over the 48 hours ending by lunchtime in Washington D.C. as regulators at the SEC and on Capitol Hill consider how to manage the unstoppable surge of blockchain cryptocurrencies in the 2020s from making new investors wealthy too fast by investing in cartoon dogs and cats like Ethereum $KAI.
The smart money knows what to do in a dip driven by the news cycle amid a more long-term bullish trend. They thank their lucky stars for the opportunity and buy that fantastic dip.
According to Coinpedia Wednesday, citing Santiment data:
“The large whales with 1000 to 10,000 BTC in their wallets have collectively accumulated nearly $941 million worth of BTC over the past 24 hours, rebounding to their highest holding level in the past 2 weeks.”
Will they buy the meme coin dip next, or will this buying opportunity g
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