Whales have invested a total of $329,000 into the Bitcoin Hyper ($HYPER) presale in a single day, with individual purchases of $113.8K, $109.9K, and $105.4K, signaling strong confidence in the upcoming Bitcoin Layer-2 solution. This comes as Bitcoin ($BTC) approaches October, historically known as 'Uptober', which has delivered average returns of 21.89% for the cryptocurrency. Past examples include a 28.52% surge in October 2023 and spikes of over 27.7% in 2020 and 47.81% in 2017.
Institutional accumulation is also fueling optimism. Michael Saylor's firm, Strategy (formerly MicroStrategy), acquired an additional 196 BTC worth approximately $221 million, bringing its total holdings to 640,031 BTC valued at over $47.35 billion. Other entities like MARA Holdings and XXI have boosted their Bitcoin stacks to 52,477 BTC and 43,515 BTC, respectively, worth nearly $5.94 billion and $4.92 billion. This institutional demand underscores Bitcoin's role as a store of value.
Bitcoin's scalability challenges remain a focal point, with the network processing only 12.47 transactions per second (tps), 43.32% lower than Ethereum's 22.01 tps. Bitcoin Hyper aims to address this with its Layer-2 solution, leveraging Solana's Virtual Machine and a non-custodial Canonical Bridge to enable faster, cheaper transactions while retaining Bitcoin's security. The project has completed core research on rollup settlement models and passed smart contract audits by SpyWolf and Coinsult.
The $HYPER presale has raised nearly $20 million, with tokens available at $0.013005. Staking offers a 61% APY, though this rate may decline as more investors participate. Price predictions suggest $HYPER could reach $0.32 by year-end after listings on major exchanges. Regulatory developments, including a joint SEC-CFTC roundtable on digital asset oversight, and rumors of a potential Bitcoin Strategic Reserve under the Trump administration, add to the bullish sentiment for Bitcoin.
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