Crypto investors are excited about two new tokens that are going viral.
Scroll (SCR), a cutting-edge Layer-2 solution for Ethereum, has just hit Binance Launchpool, grabbing the attention of the trading community.
At the same time, Pepe Unchained (PEPU) continues to hit big milestones in its presale – with reports that some crypto whales are now investing in the project.
Whale Investors Make Big Buys as Scroll Launches on Binance Launchpool
Binance is rolling out the red carpet for Scroll this week.
SCR, Scroll’s native token, has just launched on Binance’s Launchpool, allowing investors to earn tokens by staking their BNB or FDUSD.
The event will run for two days – with 55 million SCR tokens up for grabs.
What’s catching investors’ attention is the whale activity.
According to Lookonchain, four big investors have borrowed an enormous 195,500 BNB (around $112.4 million) from Venus to farm SCR on Binance.
These individual loans range from 39,000 to 65,000 BNB.
It’s like a massive bet on the future performance of Scroll and its SCR token.
This rush from big investors is making headlines, and with this kind of interest, it’s unsurprising that retail traders are awaiting SCR’s market debut.
Scroll’s team has revealed that the token airdrop will take place on October 22nd.
And once SCR is airdropped, a whole host of CEXs will likely line up to list it.
Scroll’s Layer-2 Tech Aims to Turbocharge Ethereum
Scroll is aiming to give Ethereum a turbo boost.
Picture Ethereum as a busy city with constant traffic jams.
Scroll steps in as a sort of “express lane,” speeding up transactions while keeping them secure.
It works by bundling transactions off-chain and then sending cryptographic proof back to Ethereum, indicating that everything is good.
The magic behind Scroll is its use of zkEVM (zero-knowledge Ethereum Virtual Machine).
It’s like a super-efficient accountant who can verify lots of transactions without revealing their details.
This means quicker trades and lower fees – all while benefiting from Ethereum’s security.
For developers, Scroll could be huge.
It’s a way to take their existing Ethereum DApps and upgrade them with minimal effort.
With Scroll, Ethereum could finally be able to handle the flood of users that growing adoption will bring.
SCR holders are excited about its prospects.
And the recent listing on Binance Launchpool has only added to the buzz around this Layer-2 network.
Crypto Whales Also Invest in Pepe Unchained & Help Presale Pass $18.2M Mark
Scroll isn’t the only new crypto catching the attention of crypto whales.
Enter Pepe Unchained – a project mixing meme coin culture and Layer-2 tech.
Pepe Unchained’s team is building the “Pepe Chain,” a Layer-2 network just for meme coins.
They’ve taken Ethereum’s strengths and added some “degen” fun.
The ultimate goal is to make transactions lightning-quick and reduce fees as much as possible.
All while sporting a hilarious Pepe the Frog theme.
There are crypto whales that are taking notice of this setup.
Reports have shown some big players jumping into the PEPU presale, with one buy amounting to over 21 ETH – around $51,100 based on today’s exchange rate.
Another whale bought 10.8 ETH worth of PEPU in September, representing an outlay of $26,300.
This whale action is boosting the hype around Pepe Unchained.
Members of the project’s Telegram channel believe these whales have also staked their PEPU holdings in the “double staking” app.
Right now, this app offers APYs of 119%.
If that is the case, those whales aren’t just betting on the price of PEPU rising – they’re also maximizing their returns through staking.
Pepe Unchained’s presale continues to raise millions, and with large investors actively supporting the project, PEPU could be one of the biggest token launches of the year.
The question now is: can it deliver the same kind of hype as Scroll has?
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