The cryptocurrency market is abuzz with major coins like Bitcoin and Ethereum trading near all-time highs.
Bitcoin hit a fresh all-time high of $124,457.12 early on August 14.
While Ethereum is currently trading at $4,748.24, just 3% below its all-time high, which it previously scaled in November 2021.
Amidst this bullish set-up for crypto assets, Bitcoin Penguins has been generating buzz in its presale. Investors are rushing to acquire the token as its presale nears its end.
Ethereum ETFs see second-largest daily inflows
US spot Ethereum exchange-traded funds recorded $729.1 million in net inflows on Wednesday, marking their second-largest single-day inflows since launch, according to SoSoValue data.
BlackRock’s ETHA led the activity with $500.9 million in inflows, followed by Fidelity’s FETH with $154.7 million.
Four other spot ETFs also reported positive flows.
The strong performance followed Monday’s record-setting $1.02 billion in inflows and Tuesday’s $523.9 million, underscoring the rising institutional and retail interest in the asset.
Ethereum’s price rose 2.4% over the past 24 hours to $4,748.24 as of 5:30 am EST on Thursday, moving closer to its all-time high of $4,878 set in November 2021.
Standard Chartered has revised its year-end Ethereum price forecast upward to $7,500 from $4,000, citing factors including corporate treasury adoption, ETF demand, evolving US stablecoin regulation, and improving technical fundamentals.
Meanwhile, spot bitcoin ETFs in the US posted $86.9 million in net inflows on Wednesday, compared to $65.9 million the previous day and $178.2 million on Monday.
Bitcoin traded above $124,400 at one point on Wednesday, setting a new all-time high, before settling at $121,808.51 at the time of writing — up 1.6% in 24 hours.
Bitcoin Penguins taps meme power and Bitcoin branding
Amid the buoyant crypto market backdrop, Bitcoin Penguins (BPENGU) has been generating attention as a potential contender in the meme coin sector.
The project blends Bitcoin’s “digital gold” narrative with the viral appeal of penguin-themed tokens, a trend popularized by the rapid rise of Pudgy Penguins (PENGU).
Supporters of BPENGU position it as a natural evolution of the penguin meme coin concept, seeking to merge the perceived stability and prestige of Bitcoin with a lighthearted, community-driven brand.
BPENGU’s supply is capped at 10 billion tokens, with 55% allocated to presale buyers and 20% for staking.
Presale momentum builds ahead of September launch
The project has raised $3.30 million from its presale so far. The token is currently available at $0.00148.
With the price scheduled to jump every 2 days till August 27, when the presale ends, investors can still earn huge returns before the token’s listing.
The token’s decentralised exchange listing is scheduled for September 2.
The team’s roadmap includes targets of a $50 million fully diluted valuation (FDV) in September and $1 billion FDV by October.
The timing of BPENGU’s launch coincides with strong market momentum in Bitcoin, recovering sentiment in the altcoin market, and sustained interest in penguin-branded tokens.
Proponents argue that these conditions create a favourable environment for the project’s debut, though, as with all early-stage tokens, market performance will ultimately depend on demand and execution.
With both institutional crypto products like Ethereum ETFs attracting record capital flows and niche projects like Bitcoin Penguins riding thematic trends, the current market reflects a mix of high-volume institutional participation and grassroots-driven speculative narratives.
The post Best crypto presales: Bitcoin Penguins surges in presale amid record ETH ETF inflows appeared first on Invezz
