Investor conviction in the Web3 space remains strong, with most cryptocurrencies rising on the tailwinds of the US Crypto Week.
Altcoins have emerged as the biggest beneficiaries of improving regulatory clarity for digital assets. Ethereum (ETH) and Dogecoin (DOGE) have surged to multi-month highs, as whales continue to accumulate assets in anticipation of a prospering altseason. This Sunday, one account bought 47,121 ETH worth $169 million, with Bit Origin announcing a massive $500 million investment in DOGE.
Market commentators are now expecting another market catalyst to emerge from the regulatory capital framework conference, where Fed Chair Jerome Powell is set to speak on July 22.
That’s why forward-looking investors are now turning to low-cap altcoins for the highest returns during the current leg of the bull cycle. Savvy traders are pouring their capital into TOKEN6900 (T6900), a brand-new meme coin priced at just $0.00665 that’s quickly closing in on the $1 million milestone in less than a month of its presale launch.
Ethereum Hits 7-Month High as Investors Withdraw ETH
Ethereum has rallied above the $3,750 level for the first time since December 2024. The second-largest crypto is up more than 23% over the past week amid renewed institutional interest.
To put things in perspective, last week, the US spot Ethereum ETFs logged a record $726.7 million single-day net inflow on July 16. These ETFs continued the positive trend in the days that followed, experiencing inflows of more than $1 billion on July 17 and 18 alone, thereby increasing July’s total inflows to $3.28 billion.
What’s worth noting is that the world’s top altcoin has been receiving fresh tailwinds from corporate stockpiling. Billionaire Peter Thiel recently acquired a 9.1% share in BitMine Immersion Technologies, a firm that holds around 300,000 ETH in its treasury, and other whale accounts followed suit, one scooping up nearly 50,000 ETH, a sum worth $169 at purchase, this Sunday.
Meanwhile, others have been withdrawing massive sums of ETH from exchanges. In a recent move, one whale withdrew about 13,224 ETH from OKX, with observers speculating that this sum could be put into cold storage for the long term. This confluence of decreasing exchange supply and growing institutional demand has pushed ETH toward its seven-month high.
Bit Origin’s $500M Dogecoin Bet Sparks Whales to Scoop Over 1 Billion DOGE
Dogecoin’s weekly surge of over 33% has helped it break above the crucial $0.24 barrier and hit a five-month high.
Traders are now expecting this recovery to test the $0.3 resistance on DOGE’s daily chart.
From a fundamental perspective, meme coin enthusiasts are excited about Bit Origin’s (a NASDAQ-listed firm) plans to buy $500 million in Dogecoin via stock and debt offerings. This will make it the first public company to hold DOGE as a treasury asset, significantly boosting the meme coin’s long-term investor confidence and adoption.
This is why large investors are taking big bets on the world’s largest meme coin. Following Bit Origin’s announcement, DOGE experienced an immediate 10% boost, despite no funds changing hands yet. Whales continued to fuel the growing anticipation of a bull rally, with large-sum purchases recently totalling more than 1 billion DOGE within two days.
Whales bought 1.08 billion Dogecoin $DOGE in the last 48 hours! pic.twitter.com/vQapyIncRN
— Ali (@ali_charts) July 18, 2025
Even other blue-chip meme coins like Shiba Inu, Pepe, and Bonk were posting impressive gains. SHIB is up roughly 17% over the past week, while BONK is up nearly 30% during the same time, as the meme coin frenzy is back in full swing.
Investors Believe TOKEN6900 Could Be the Next Meme Coin to Explode
TOKEN6900 is a hot new low-cap meme coin that’s quickly gaining traction as a potential big winner of this bull cycle. Currently offered at $0.00665 in its presale phase, TOKEN6900 is a satirical meme coin modeled as the successor to the SPX6900 token.
The timing couldn’t have been better. SPX6900 is trending near its all-time high of $2, with a market capitalization of $1.87 billion. This valuation makes it the seventh-largest meme coin by market cap. Investors who supported SPX during its early days in 2023 are already sitting on more than 75 million percent gains.
Investors believe TOKEN6900 could mirror or exceed SPX’s gains by leveraging a “non-corrupt” ethos, a no-nonsense approach, and a hefty dose of meme-fueled humor. From the fundamental point of view, T6900 features a fixed supply of 930,993,091 tokens, zero team allocations to mitigate rugpull concerns, and dedicates 80% to presale for distribution.
The T6900 presale has already raised more than $900,000 in its recently launched presale, which accounts for nearly 18% of its $5 million hard cap. With investor interest ramping up, the token is projected to hit $1 million within the week, which could further accelerate adoption, leading to a fast-tracked wrap-up of the presale.
The TOKEN6900 presale follows a tiered pricing model, where the T6900’s price will increase to $0.00712 at listing. With a launch market cap of just around $6 million, T6900 will initially be valued at a fraction of SPX6900’s market cap (nearly $2 billion), leaving enormous room for growth.
Buyers can earn passive income by staking T6900 for a 67% annual yield, giving holders good reason to stay on board for the long term.
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