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Home»BLOCKCHAIN NEWS»Interest in Pullix surges as crypto whales buy more Ethereum and Shiba Inu.
BLOCKCHAIN NEWS

Interest in Pullix surges as crypto whales buy more Ethereum and Shiba Inu.

By Crypto FlexsJanuary 29, 20242 Mins Read
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Interest in Pullix surges as crypto whales buy more Ethereum and Shiba Inu.
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Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.

Cryptocurrency markets fell following the approval of the spot Bitcoin ETF. However, many investors took advantage of the decline to buy more Ethereum (ETH) and Shiba Inu (SHIB). Pullix (PLX) is also gaining investor attention, raising over $4.6 million in an ongoing presale.

Whales Double Down on Ethereum

Ethereum has fallen recently. While some investors were selling ETH, whales were taking advantage of the low price to buy more ETH.

According to Spot On Chain, one whale purchased $46 million worth of ETH before staking it on staking liquidity platform Lido.

Another whale spent $7.3 million to buy ETH.

The increase in whale activity suggests that market participants are optimistic about ETH.

This optimism comes amid ongoing debate over whether the US SEC will approve a spot Ethereum ETF.

Pullix pre-sale is gaining traction

Pullix combines the features of centralized and decentralized exchanges.

It offers a variety of monetization opportunities, including liquidity provision and passive interest in staking.

Pullix also offers liquidity and slippage-based trading for investors to trade quickly and efficiently.

In the ongoing presale, PLX is changing hands for $0.10. Analysts expect more growth when it launches late in the first quarter of 2024.

Whales are buying more Shiba Inus

On-chain data shows whales are accumulating more SHIB and ETH.

According to Etherscan, anonymous whales have purchased over 606 billion SHIB, bringing their total SHIB holdings to over 1 trillion coins.

To date, Shibarium, a Layer-2 solution, has processed more than 300 million transactions, with an average of 1.2 to 7.8 million transactions per day.

This upward trend could support prices.

Closing Thoughts

The price drop caused whales to buy more ETH and SHIB. At the same time, the growing demand for PLX shows the potential of Pullix.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users must conduct their own investigation before taking any action related to the Company.

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