Whale Money Flows into Pepeto Despite Crypto Market Fears

The crypto market is known for its volatile nature, and recent events have not been an exception. On March 21, the Fear and Greed Index dropped to 11, a level last seen during the Terra Luna collapse in May 2022.

Bitcoin prices plummeted to $70,760 after the Federal Reserve kept interest rates locked at 3.5% to 3.75%. The Dow also dropped 768 points in one session.

However, despite the bearish sentiment, Pepeto's presale has attracted over $8.2 million in funding from whales. This amount was raised at a price of $0.000000186 per token during the worst sentiment reading in three years.

The project's founder is a well-known figure in the industry, having previously created the Pepe coin that reached an $11 billion market cap with zero utility and products. Pepeto, on the other hand, boasts a full exchange ecosystem built on top of its viral power.