The Bitcoin market is seeing a new wave of selling driven by whales alongside a growing interest in WeWake Presale Crypto, which simplifies the registration process for users.
Whale Activity in Bitcoin
Recent data shows that Bitcoin whales have begun selling off as the price failed to hold above $120,000. This selling has triggered the third round of profit-taking in this market cycle. According to CryptoQuant, whales realizеd profits between $6 billion and $8 billion in late July. These levels were also seen during local peaks in March and December 2024.
"New whales are taking profits as Bitcoin reaches new highs," CryptoQuant stated. These whales hold at least 1,000 BTC and often include institutions or corporations. Older whales have also been active; a dormant entity from the Satoshi Nakamoto era sold 80,000 BTC through Galaxy Digital, amounting to a $9.7 billion sale.
Popularity of WeWake Presale Crypto
WeWake Presale Crypto is catching users' attention by eliminating the need for wallets and gas fees. The platform offers a Layer 2 solution that uses smart wallets and Paymaster APIs to significantly simplify onboarding. WeWake is currently in its fifth presale stage at $0.0160 and has released its whitepaper for public review.
Walletless Onboarding Through WeWake
WeWake is introducing features aimed at mass adoption of cryptocurrency. Its built-in Paymaster system covers transaction fees for users, enabling cost-free transactions. This approach supports DeFi, NFTs, and Web2 integrations without technical barriers. Developers can integrate WeWake through its SDK to facilitate fast onboarding in their dApps. The walletless model and zero-gas network reduce friction and expand user access to blockchain.
The current wave of Bitcoin whale sales highlights important shifts in the market, while the WeWake Presale Crypto initiative demonstrates opportunities for simplifying entry into the cryptocurrency realm.
