PEPE, the meme coin, has been facing significant selling pressure lately, leading to a decline in its price. Large investors have been unloading their holdings, causing the reserves on exchanges to rise to 40.59% of the total supply. This surge in supply on exchanges has raised concerns about the future price of PEPE.
Last Friday, an anonymous Pepe whale made a massive transfer of two trillion tokens to Binance, which sparked speculation about profit-taking. This move suggested that more large holders might seek to exit their positions, contributing to further price decline for PEPE. It is important to note that PEPE has already experienced a significant drop from its all-time highs last year.
With the decline in PEPE’s price, investors who sold their PEPE holdings are now exploring alternative opportunities to rotate their assets into. One such option is Launchpad XYZ’s crypto ICO, which has successfully raised $2.5 million for its native token, $LPX. Launchpad XYZ has garnered attention with its timing and capabilities, attracting the interest of PEPE investors.
Launchpad XYZ aims to simplify cryptocurrency and NFT trading by utilizing artificial intelligence (AI). Its flagship tool, Launchpad Quotient (LPQ), analyzes and ranks digital assets based on 400 data points. This provides crypto investors with valuable insights and guidance to navigate the volatile market. The platform also offers the Trading Edge feature, allowing users to examine setups based on real-time news and social chatter.
Launchpad XYZ’s mission goes beyond analytics. The platform aims to onboard newcomers to crypto investing by revealing techniques used by professional traders. By providing easy-to-use tools and resources, Launchpad XYZ seeks to empower individuals who are new to the world of cryptocurrency. The platform also plans to offer portfolio management, a decentralized exchange, gaming applications, and a Metaverse engine.
Experts, including Michael Wrubel, predict a considerable upside of 10-100x for Launchpad’s native LPX token. The favorable timing and the platform’s diverse capabilities make it an attractive investment opportunity. Launchpad XYZ’s crypto ICO is in its final nine days, with the LPX token becoming tradable on decentralized exchanges thereafter.
The recent surge in interest for AI crypto tokens, which now represent a market capitalization of $8.7 billion, bodes well for Launchpad XYZ. Participants in the platform’s crypto presale can unlock exclusive non-fungible tokens (NFTs), granting them perks such as access to the project’s VIP Telegram channel. The group has already achieved multiple 1000%+ gain alerts for its members.
As Launchpad XYZ prepares to conclude its well-received crypto ICO, the market eagerly awaits the launch of LPX trading later this month. The platform aims to be the gateway for Web3’s next wave of users, catering to both PEPE holders and other crypto investors searching for new opportunities. With its focus on AI-driven analytics and user-friendly features, Launchpad XYZ presents an intriguing option for individuals looking to enter the world of cryptocurrency.