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Tag: Dumps

  • Whale dumps $3 million worth of INJ and buys LDO

    Whale dumps $3 million worth of INJ and buys LDO

    An image of a whale’s tail in the ocean
    • The whale sold over 150k Injective (INJ) tokens worth over $3.29 million.
    • According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million.
    • INJ price dipped slightly while LDO rose

    A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens.

    On Wednesday, Sept. 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million.

    Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland.

    Injective price

    Injective (INJ) is layer 1 blockchain decentralized finance applications. The Binance and Mark Cuban-backed interoperable L1 blockchain currently ranks as the 49th largest cryptocurrency by market at $2.1 billion.

    The price of Injective’s native token fell 3% to trade near $21.24. INJ trading lower also saw weekly gains shrink to around 14%, while Injective is now down 1.4% in the past month. Notably, INJ reached highs of $22.70 on Tuesday, hitting the resistance level seen on August 24.

    INJ price however reached $52.62 on March 14, 2024 and its currently positioned nearly 59% off that level.

    Lido DAO price

    With the LDO purchase, the whale’s showing their bullish projection for Lido. Growth for the decentralized finance platform – a market leader in Ethereum staking – may be among catalyst.

    The Lido DAO price was up 2.6% in the past 24 hours to change hands at highs of $1.29 earlier in the day. LDO is among the top gaining tokens with +29.7%  this past week.

    LDO price was at $1.26 at the time of writing.

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  • LINK pumps as market dumps; GFOX presale smashes $3 million mark

    LINK pumps as market dumps; GFOX presale smashes $3 million mark

    Market drawdowns are part and parcel of the bull market, and investors want to use these opportunities to spot frontrunners. Demand is waiting for dips if markets are dumping and tokens are performing well. These become the fastest movers in bullish conditions.

    Bidding strong altcoins today unlocks better gains tomorrow. Then what crypto can you buy today? Realistically, investors are spoilt for choice with dozens of solid altcoins, but Chainlink (LINK) and Galaxy Fox ($GFOX) are especially notable. LINK pumps as market dumps, and the GFOX presale smashes the $3 million mark.

    Chainlink (LINK) pumping as market dumps 

    Chainlink is a blockchain abstraction layer that powers nearly all of DeFi with its Oracle services. This network feeds external data into smart contracts, and LINK is the top crypto to buy for investors interested in pick-and-shovel plays. While the market dumps, Chainlink has been pumping, and investors want exposure to the interoperability middleware layer.

    Fink is on CNBC every other day talking about asset tokenization. Chainlink’s Cross Chain Interoperability Protocol (CCIP) creates a network of smart contracts that allow digital assets to move unobstructed between chains. CCIP will unlock the ability to move between permissioned (bank blockchains) and public blockchains.

    Acting as the bridge between DeFi and TradFi is a great value proposition, and $LINK’s performance in the current conditions indicates a massive run loading later this year.

    Galaxy Fox (GFOX) shoots past $3 million

    Galaxy Fox has not received the memo of the market dump, and this presale continues to shatter milestones. Most recently, crossing $3 million raised, this ICO shows no sign of slowing, and its current trajectory signals a massive price discovery phase at launch later this year.

    Introducing a new hybrid model to the space Galaxy Fox blends the best of two genres. Its tokenomics and branding are straight from the meme coin genre with a token burn and taxation system. The burn permanently removes tokens from circulation, making GFOX deflationary, and taxation funds several mechanics, including ecosystem growth via the Treasury and staking payouts.

    Deflationary assets are forecast to perform excellently in 2024 as rising demand meets falling supply, and this characteristic makes $GFOX a perfect answer to what crypto to buy today. Passive income plays a big part in this galactic ecosystem, with all GFOX holders able to earn staking rewards. The unique taxation system has created a superb asset: holders earn a yield on an asset with a declining supply.

    Galaxy Fox’s Web3 runner game leverages the classic P2E mechanic, adding a dash of entertainment and another earning avenue for holders. Presales have historically performed excellently in bull markets, and GFOX is easily counted among the top cryptos to buy right now.

    Closing thoughts

    Markets get overheated and overextended, then need to cool off. Tokens that continue moving are the pockets of opportunity, and this is where investors should focus their attention. What crypto to buy today? Anything outperforming relative to the market.

    Galaxy Fox’s stellar performance makes it an obvious buy now. GFOX still has a tiny market cap, and its location in the memecoin and GameFi narratives gives this hybrid easy 100X potential. Multi-billion dollar valuations were common for P2E projects in the last cycle. Add in GFOX’s deflationary nature, and participating in the Galaxy Fox presale today is a no-brainer.

    To learn more about GFOX, visit Galaxy Fox Presale or Join the Community.

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  • Anon Whale Dumps 3.3 Trillion SHIB, Here’s Why

    Anon Whale Dumps 3.3 Trillion SHIB, Here’s Why

    Alongside Dogecoin, Shiba Inu has dominated the meme coin market. Since last year, investors’ interest in meme coins has peaked. Despite the sustained cryptocurrency bear market, interest in SHIB among whale investors hasn’t subsided.

    Shiba Inu has recently seen an unprecedented increase in whale activity. Whales were buying trillions of SHIB rather than billions. The whales have also been moving, dumping, and buying back the SHIB, using a personal trading strategy.

    Some unidentified whales now engage in this routine behavior on a regular basis. According to Whale Alert data, an anonymous whale transferred 3.3 trillion SHIB to another wallet.

    Anonymous whale transfers 3.3 trillion SHIB

    According to the data from Whale Alert, 3,367,037,381,943 SHIB has been dumped by an anonymous wallet. The exact nature of the transfer is unknown. It is unclear whether the transfer is just a normal movement of the token between the whale’s wallet or a legitimate sell-off.

    The current value of the transferred SHIB is worth $35.7 million SHIB at the time of writing, and the anonymous whale now has zero SHIB in its wallet. The market that was plunging until yesterday has reversed and is trading in the green.

    As per the data from CoinMarketCap, SHIB is currently trading at $0.00001061 with a 5.3% hike in the last 24 hours. SHIB, which was trading at $0.0000101, touched $0.0000107.

    The crypto market has regained a $1 trillion market cap as major coins have displayed single-digit and double-digit gains. BTC and ETH have gained 6.4% and 13.26% in the last 24 hours, respectively.

    DOGE has displayed a much better gain, with a 12.3% price hike in the last 24 hours. However, it is unclear whether it is a short-lived bubble or whether it is just the beginning of another rally. The exact reason for the rally is also unclear at the moment.

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