PEPE whale sells 50% to buy ALGT, cites DeFi appeal

A PEPE whale’s move to invest in ALGT highlights shifting investor interest towards algorithmic trading in DeFi, marking a significant trend in crypto investment strategies.

Investors constantly seek the best platform to maximize their investments per season. Rumors this week have it that a PEPE whale has liquidated 50% of their holdings.

The intriguing part of the story is the whale’s reported reason for selling: to invest in ALGT, the native token of Algotech. This development has ignited discussions among crypto communities, particularly spotlighting algorithmic trading and platforms like Algotech.

What’s going on with PEPE?

PEPE appears to be doing okay despite recent market developments. Entering 2024, while other coins were surging on the news of an imminent Bitcoin ETF approval, PEPE remained relatively flat, trading only between
$0.0000015 and $0.000001.

Soon, in late February, the market began to uptrend, and Pepe tracked the rise of Bitcoin, surpassing all previous highs of $70,000 on the charts.

Along with setting several new all-time highs, Pepe gained 602% of its value from a February 26 low of $0.000001407 to a March 8 high of $0.000009885 in 2024.

As of the time of writing, PEPE is trading at $0.000007943, a 19.6% drop from its previous high in February, which is relatively fair compared to the effect of the market correction on other meme coins. It could be that the whale didn’t drop off a huge chunk of PEPE because it was doing terribly in the market but because he set his eyes on a strong potential with ALGT.

Algotech: Algorithmic trading takes center stage

This whale’s reported investment in ALGT has refocused attention on algorithmic trading within the DeFi ecosystem.

Algorithmic trading uses bots and algorithms to analyze market patterns and place trades according to pre-programmed strategies.

This method seeks to eliminate human inefficiencies from the trading process, which could result in more effective and profitable results.

Algotech’s appeal lies in its implementation of artificial intelligence, machine learning, big data analysis, and blockchain technology to provide a sophisticated trading tool that is adaptable, precise, accurate, and efficient for navigating the high-stakes world of cryptocurrencies.

This line-up of stellar technologies, domiciled in a single project, addressing a major problem with trading and having a long-term outlook, looks sufficient and convincing enough to trigger a move like this PEPE whale reportedly made.

ALGT is currently in its second public sale stage. Having started out at $0.04, it’s now selling for $0.06, and 83% of the total ALGT for this stage has already been purchased. Algotech (ALGT) positions itself in front of the fast-rising wave of algorithmic trading in the DeFi space. If the team gets its implementation right, Algotech could largely benefit as a first mover with a strong value proposition.

To learn more about Algotech, visit the Algotech presale website or join the Algotech community.