- If Ethereum’s inflows are signalling the start of an altcoin boom, projects like Bitcoin Penguins may be the ones that ride the strongest tailwinds.
- With a $10 million hard cap and $3.7 million raised so far, BPENGU’s traction is undeniable.
- With less than 10 days remaining in its fixed 30-day presale, BPENGU is already gaining momentum.
Bitcoin has cooled slightly after an incredible summer run, slipping around 6% from its August 14 all-time high but still holding strong after surging from the $97,000 range in late May.
For many traders, this is being seen less as a correction and more as a healthy breather before the next leg up.
Meanwhile, Ethereum has stolen the spotlight with a record-breaking $2.83 billion in inflows over the past month, according to SoSoValue data.
CoinShares’ latest report shows year-to-date Ethereum inflows hitting $11 billion—double Bitcoin’s $5.3 billion—reflecting growing confidence as investors anticipate approval for ETH staking ETFs.
The renewed enthusiasm around Ethereum has reignited hopes for a broader “altseason,” where capital rotates into high-upside altcoins.
This shift could be a major catalyst for new entrants like Bitcoin Penguins (BPENGU), which is quickly emerging as the next evolution of the penguin meta.
BPENGU combines Bitcoin’s established credibility with meme-fueled cultural power, positioning itself perfectly for the coming wave of retail and institutional attention toward altcoins.
With less than 10 days remaining in its fixed 30-day presale, BPENGU is already gaining momentum.
The price is set to increase every 48 hours, giving early backers a rare opportunity to secure allocations before the token enters the open market.
If Ethereum’s inflows are signalling the start of an altcoin boom, projects like Bitcoin Penguins may be the ones that ride the strongest tailwinds.
Bitcoin may see some profit-taking
Bitcoin slipped 1% on Monday as traders trimmed positions ahead of a key policy signal from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium later this week.
Analysts at QCP Capital said in a note that the stronger-than-expected US Producer Price Index (PPI) data released Thursday has…