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As the official launch of the project approaches, pre-sales for Galaxy Fox (GFOX) are heating up.
For the short-term gains of Arbitrum (ARB), it looks like the party is over, or at least some cold water has been thrown on the fire.
With an additional $18.5 million heading to exchanges, analysts are divided on whether this is just a hurdle or a sign of things to come. Meanwhile, as the release of Galaxy Fox approaches, pre-orders are heating up.
ARB under pressure
Remember the massive $2.32 billion token unlock from Arbitrum in early March? It seems the aftershocks are still coming. Blockchain data platform Lookonchain has identified another pod of whales and moved $18.5 million worth of ARB to Binance. This follows a previous exodus in which ARB whales transferred a whopping $58 million following the unlocking of Arbitrum’s tokens.
Opinions are swirling in the cryptocurrency world. Some people on the message board are remaining optimistic, arguing that this is not a “bearish signal.” But others are less confident, with some predicting that ARB will not “go up” any further.
Let me rewind a bit. When $2.3 billion worth of tokens were expected to be unlocked, many predicted a potential “dump.” Unfortunately, that prediction appears to be true. ARB price hit a high of $2.22 on March 13 and then went into free fall, falling to $1.84 just before the unlock date. The token has since shown some volatility, fluctuating between $1.48 and $1.79.
Plus, things may not get better anytime soon. Token Unlocks, a cryptocurrency vesting tracker, reveals another 92.65 million ARB tokens scheduled to be released to advisors, teams, and investors on April 16. So, buckle up because this bumpy ride may have a few more twists and turns.
Galaxy Fox: A meme coin with utility
The outlook for ARB may be somewhat shaky, but there are greener pastures ahead. If you’re an investor looking for long-term profits, Galaxy Fox may be worth a look. Here’s why Galaxy Fox is poised to become the breakout meme coin of 2024.
- Galaxy Fox transcends the typical meme coin hype. This engaging Web3 runner game features a Play-to-Earn (P2E) model that allows users to compete for prizes each season. It’s a win-win. Gamers can have a great time and potentially make money, creating a loyal and engaged community.
- You can generate passive income within the Galaxy Fox ecosystem by staking your tokens. This adds another layer of earning potential and encourages long-term holding.
- Galaxy Fox boasts a deflationary token structure. A portion of every transaction is burned, permanently reducing the total supply of GFOX tokens. This principle of scarcity helps prevent inflation and naturally causes prices to rise over time.
- Galaxy Fox integrates a collection of 3,000 of the coolest NFT assets into its ecosystem. Owning these coveted digital assets can grant you exclusive in-game perks and allow you to participate in the burgeoning NFT market.
- Community is king in the cryptocurrency world, and Galaxy Fox prioritizes building a strong community. The Stargate Fund, powered by transaction fees, powers community initiatives and ensures the ecosystem thrives after launch. Additionally, the Merchandise Store provides another avenue for participation, allowing users to earn rewards in GFOX tokens.
- Many analysts are incredibly optimistic about the Galaxy Fox, predicting that its price will likely rise 100-fold by the end of the year. With pre-sale fundraising of over $5.3 million and a token cost of only $0.00364 at the final stage, GFOX is a token with growth potential.
As the cryptocurrency landscape continues to evolve, opportunities abound for those willing to seize the moment and embrace innovation.
To learn more about this project, Visit the Galaxy Fox Pre-sale or join the community
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