Pepeto Presale Raises Over $9 Million Amidst Market Turbulence

The crypto market has been characterized by a prolonged period of risk aversion, with Bitcoin's funding rates remaining negative for an extended 46 days. This trend is reminiscent of the bearish positioning seen after the FTX crash in late 2022 and the mid-2021 China mining ban.

Meanwhile, Pepeto has been making waves in the market by raising over $9 million in its presale. With a confirmed Binance listing on the horizon, analysts estimate that investors who bought in at the presale price could see returns of up to 267x their initial investment.