Investor sentiment in the Web3 market transitions into “fear,” as Bitcoin (BTC) fell below $110,000 for the first time in over three weeks. At the same time, Ethereum (ETH) briefly dipped toward $3,800, matching its lows from early August.
A culmination of macro headwinds and a stronger US dollar has provoked more than $1 billion in crypto liquidations over the past day. But there’s consensus among market observers that the recent dip is mainly sentiment-driven, rather than a byproduct of fundamental concerns.
In fact, September has historically been a relatively tough month for cryptocurrencies. That’s why savvy market players are now eagerly awaiting the arrival of “Uptober” next month. Anticipating a revival across the crypto market in Q4, investors have injected over $4 million into the Snorter Token (SNORT) presale ahead of its October 20 launch.
SNORT is the native token powering Snorter Bot, an automated trading bot using Solana’s technology to unlock sub-second transactions at minimal cost. With the project now in the final leg of its presale, interested investors have just over three weeks left to buy SNORT for $0.1055.
ETH Slips Below $4,000, but Whales Are Buying the Dip
As the risk-on sentiment temporarily wanes, the US spot ETH ETFs have recorded a net outflow of over $547 million over the past week alone.
From a technical perspective, Ethereum’s price fell below the psychological $4,000 support level for the first time in over a month.
The altcoin’s recent dip has now turned this support level into resistance, at least in the short term.
But it’s worth knowing that ETH briefly rebounded from the support level near $3,840, as bulls line up to prevent a broader sell-off.
In fact, the analytics firm Lookonchain reports that crypto whales are piling up on Ethereum. Over the past two days, whales have withdrawn 406,117 ETH (worth approximately $1.6 billion) from crypto exchanges.
In an earlier update, Lookonchain mentioned that 11 wallets had already picked up nearly 296,000 ETH ($1.19 billion) in just one day. This steady accumulation shows that smart investors are viewing the recent dip as an opportunity to buy ETH at a discounted price.
The rising likelihood of a full-fledged altseason is now encouraging investors to rotate their funds into small-cap tokens where the potential upside is significantly higher. They’re now aggressively stockpiling Snorter Token ahead of its recently announced exchange listing date.
Snorter Token Presale Surpasses $4 Million Ahead of Exchange Listing in October
Snorter Token is the native token of Snorter Bot, an automated trading bot democratizing technology usually reserved for the biggest players on the market. The advantage of whales over everyday traders is one of the main reasons that the project is developing an automated trading solution, empowering its users to make quick market moves and “snipe” new cryptos in under a second.
The bot will use its proprietary technology to help investors discover and access new token launches before the broader market. It will scan through meme coin pools on Ethereum and Solana, tracking liquidity in real-time and giving its users a chance to enter at a ground-level price.
More importantly, the bot also comes loaded with industry-leading security features. During testing in its beta phase, Snorter Bot was able to effectively detect scam or rug pull projects 85% of the time.
Since Snorter Bot is built from the ground up using Solana’s tech stack, it also unlocks some of the lowest fees on the market. For perspective, users who hold the SNORT tokens are eligible for a 0.85% fee per trade, a notable discount from the industry standard of 1% for a bot capable of rapid-fire trade execution.
Moreover, SNORT token holders will be able to enjoy unlimited snipes, in addition to governance and other exclusive VIP benefits. Because of its genuine value proposition within the Snorter Bot ecosystem, SNORT has successfully raised over $4 million from investors.
Analyst Chino de Dios from Crypto Tech Gaming highlights Snorter Token as one of the top cryptos to watch in 2025, praising the project’s utility-led approach, along with strong community backing.
With the SNORT token presale quickly drawing to a close, de Dios predicts the project’s automated trading solution, believed to already be fully developed, will drive the token’s price after the October 20 listing.
Snorter Token is currently selling for just $0.1051 each, offering what may be the lowest entry point before its exchange listing. All purchased SNORT can immediately be staked for an annual yield of up to 115% even before the official listing.
