Bitcoin Hits $80K Triggering ‘Moonvember’ Rally as Whale Buying Pushes Pepe Unchained to $26.6M

Monday 11 November 2024 – Pepe Unchained ($PEPU) has raised $26.6 million in its presale as Bitcoin ($BTC) soars close to an all-time high of $82,000, setting off what’s being called a ‘Moonvember’ rally in the crypto world.

The crypto market is in full swing, with the Greed and Fear Index soaring into ‘extreme greed’ territory. This has pushed the total market cap of all cryptocurrencies up by $150 billion, crossing the $2.75 trillion mark on Monday.

Among the winners, meme coins have seen the most action, with a massive 18.5% increase in the last 24 hours, climbing from $73.69 billion to $87.33 billion. Pepe Unchained, the standout token in this rally, has added $1.6 million in just four days.

Thanks to a major whale purchase, Pepe Unchained’s presale now totals nearly $27 million. With demand growing ahead of its exchange listing, investors still have a chance to join the presale at $0.01259, but the price will rise in less than 14 hours when the next funding round begins.

When Bitcoin first surpassed $20,000 in 2020, the idea of it reaching $100,000 seemed like a pipe dream. Skeptics dubbed it a bubble, comparing it to ‘tulip mania.’

But after surviving crypto winters and major industry scandals, Bitcoin has shut down the doubters. With its recent surge, the $100,000 target feels more possible than ever.

This potential rise is fueled by low interest rates globally, giving Bitcoin the boost it needs. Plus, as The Crypto Dev points out on X, post-election periods have historically been when Bitcoin hits new all-time highs.

#Bitcoin history is exactly repeating. $BTC to 100K and beyond is confirmed. pic.twitter.com/W5yjJUTD4f

— The Crypto Dev (@TheCryptoDev_) November 8, 2024

Some may think Bitcoin is too expensive to buy now, but WealthSquad’s Chris noted on X that future generations will likely look back in disbelief, wishing they could’ve bought Bitcoin for under $100,000 – just like today’s generation complains about boomers snatching up property at much lower prices.

The same way young people complain about how boomers bought houses for under $100k, the next few generations will complain about us buying Bitcoin under $100k

— WealthSquad Chris