Best Crypto to Buy Now as Whale Makes $14M Ethereum Buy To Prevent Liquidation

Amid the rising volatility in the market, an Ethereum whale has stepped up, depositing $14 million into Ethereum to prevent liquidation of more than $300 million.

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According to the information revealed by LookonChain’s tweet, the whale has 220,000 ETH on MakerDAO, a DeFi lending platform. If the price hits $1.19K, the entire holding will be liquidated. Therefore, to stave it off and to raise the liquidation price, the whale has deposited 10,000 ETH, which is equivalent to $14.2 million.

The Latest Whale Action Could be A Warning for Things to Come

The current whale action underpins the desperate state many high-cap investors are in. Firm believers in the cryptocurrency market are doing everything they can to stabilize the market.

However, not all whales were so lucky. One investor liquidated well over $106 million on the DeFi lending platform Sky.

The whale’s liquidation happened when the ratio fell to 144% as the price of ETH dropped on Black Monday.

The emergency liquidation and the deposit event highlight the dire situation the market is in. And even though Ethereum has now managed to rise above the $1.5K level, the increase is nothing more than a panic rally to maintain the market’s stability. It is unlikely that ETH or any other major crypto is at the bottom yet, which means investors should be looking for alternative investments if they wish to remain green.

Therefore, the best crypto to buy now can be found among crypto ICOs. Untouched by the market’s volatility, these ICOs have unique use cases that set them apart from the standard assets.

Best Crypto to Buy Now

BTC Bull

Since the current market’s volatility has made low-cap cryptos more valuable, BTC Bull could be considered one of the best cryptos to buy now. The idea behind the conceptualization of this meme coin is to provide users a way to leverage Bitcoin’s growth in a more indirect fashion.

There are no long-term use cases mentioned for this token, and the facilities it provides leverage the speculative nature of the crypto market. However, the presence of both of these aspects makes it stand out as a meme coin.

The two attributes highlighted for this token are token burns and Bitcoin airdrops. It essentially gives users a way to earn free Bitcoins while also tapping into the supply-demand dynamic to grow capital.

The use cases of BTC Bull are milestone-based, with each milestone corresponding to Bitcoin reaching a certain level. With each major surge, one of the two attributes will unlock, tying BTC Bull’s growth with Bitcoin.

The directness of the way it capitalizes on Bitcoin’s growth makes it a suitable crypto to buy, and the fact that it continues to engage the meme coin community in a big way is the reason why it has generated so much buzz within the cryptocurrency space. BTC Bull’s X account has gained over 7k followers already, and in presale, it raised above $4.4 million to date.

MIND of Pepe

What makes MIND of Pepe special is its authenticity to stick to a narrative that has lost much steam after the arrival of market volatility. AI agent narrative used to be one of the biggest in crypto, but all AI agent tokens have seen a steep decline in their price. However, just because the speculation around such tokens is down, does not mean that the AI agent niche isn’t strong.

Makers of MIND of Pepe are firm believers of that and have, therefore, created a project that could work as a meme coin and as an AI agent. As a meme coin, the image portrayed of the project’s official mascot generates buzz thanks to its unique, no-fun, style. And as an AI agent coin, the meme coin offers four use cases.

The real-time intelligence and hive-mind analytical capabilities of the meme coin are used to provide users with a system that could assess the market and give them insight. Token deployment is also possible, and as an AI agent, MIND of Pepe will reportedly focus on sparking conversations around meme coins on X and other social media platforms.

Alessandro De Crypto has stated that this style gives MIND of Pepe more value as a meme coin and a utility token. While market volatility has dimmed the hype that was built around the project during the first days of its launch, as soon as the market started to stabilize, it could become one of the headlining pepe-themed cryptocurrencies.

SUBBD

The appeal of SUBBD lies in the way it aims to redefine, repurpose, and re-conceptualize the creator economy. Away from the centralized shortcomings of the traditional ecosystems, SUBBD offers a host of tools that could redefine interactions with fans and provide creators more ways to earn.

Creators on the platform, many of whom are the top content creators on OnlyFans, would get access to special tools that make it easier for them to perform administrative tasks. No more focusing on fulfilling custom requests in the old way; AI will take the reins. They will also gain access to a bigger portion of the revenue thanks to $SUBBD being used as the mode of payment.

Fans of said creators will get a gamified ecosystem through SUBBD. No longer will they be beholden to the same, transactional model of the past. They will be able to participate in games, earn points, and get closer to the content creators that they view often. Access to exclusive content is also possible through SUBBD, and there are other AI-driven perks, such as AI influencer creation that could provide users a truly versatile content creation and viewing experience.

Over $111K has been raised by this project so far. And while it doesn’t have the same level of virality as of now, considering its use case and the topic it covers, it gives it viral potential in the future.

Solaxy

Solaxy is described by its official website as the answer to address the shortfalls of the Solana blockchain. It is the world’s first L2 solution for Solana that aims to fix the network-related issues of this “Ethereum-Killer” using an L2 chain that embraces a rollup architecture.

Through Solaxy, Solana could become a chain capable of being more efficient, bigger and scalable, while handling cross-chain transactions better.

Furthermore, Solaxy is also focusing on the creation of an ecosystem with developer modules. Per the official website, devs could come to the website and create decentralized applications of a variety of kinds.

Developers are also focusing on the meme coin aspect of the token, showcasing highly comedic and picturesque memes that give intellectuals of the past like Einstein and Plato a pepe-themed makeover.

The mix of meme and utility isn’t just a surface-level gimmick; Solaxy is focusing on using the two to communicate that with it, more meme coins could emerge from Solana’s ecosystem. Meme coins have been accredited as the reason the SOL price grew since October 2023. With Solaxy, the hope is to gain a higher level of growth.

Final Words

A whale’s action to make an emergency deposit of $14 million to stave off liquidation is a desperate yet effective way to maintain hold of the gains. However, it also highlights how overleveraged some cryptos are. Therefore, investors should start to dive into crypto presales to gain access to better cryptocurrencies.

The options available here could bring immense gains. BTC Bull, for instance, taps directly into Bitcoin’s veins, while SUBBD offers a new model for content creators. Solaxy’s style to make Solana more efficient is an admirable prospect while MIND of Pepe’s authenticity is also worthy of note.

All of these projects are giving users something unique and considering these are presales, investors have a safer way to interact with the cryptocurrency market.

That said, research is still important. The market is still volatile, so only commit to a whale-like action (buying a massive number of tokens) after firmly understanding what each cryptocurrency project offers.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kosta Gushterov