Are you ready for the next big crypto bull run? Experts believe that Avalanche (AVAX), AAVE, SUI, and DTX Exchange (DTX) could bring massive gains to investors. If you’re new to crypto, don’t worry, these coins are known for their strong potential and steady growth.
By making smart choices now, you might just triple your investment shortly. This article explores how these four altcoins can help you prepare for the giant bull run in crypto history!
Avalanche Foundation to buy back 1.97 million AVAX Tokens from LFG
The Avalanche (AVAX) Foundation plans to buy back 1.97 million Avalanche (AVAX) tokens from the Luna Foundation Guard (LFG) for $45.5 million. When talking about their market value, these tokens are currently worth about $57.4 million. They were sold to LFG in April 2022, just a month before the Terra blockchain collapsed.
On October 9, an agreement was filed in Delaware Bankruptcy Court. It still needs approval from the court. The Avalanche Foundation stated that this repurchase would prevent the LFG from violating regulations regarding token usage and safeguard it from potential bankruptcy issues.
These tokens are now worth 42% less than what LFG originally paid. The deal will also lower legal fees and save money for creditors. The final price was based on the average value of AVAX tokens over a week in early August 2024.
Whale goes all-in on Aave ($AAVE), Buying $7.45 million worth in two days
A prominent investor, a “whale,” is making huge moves with Aave ($AAVE). Over the past two days, they have bought a lot of $AAVE tokens and seem to believe that the price of $AAVE will go up.
In the past few days of October, an investor bought 31,173 $AAVE tokens worth about $4.8 million. This whale then put these tokens into the Aave platform and borrowed 2.7 million $GHO tokens. The whale swapped the $GHO for $USDC and used it to buy even more $AAVE.
At the time of writing, the same investor bought another 16,818 $AAVE tokens, worth $2.59 million, and again used Aave to borrow more $GHO tokens. The whale now owns 47,991 $AAVE tokens worth about $7.45 million! This shows that this investor is betting big on $AAVE going up in value.
Sui Foundation denies insider selling claims during $400 million token sale
Reports have shown that the Sui Foundation sold over $400 million of SUI tokens during a significant price rally. The value of SUI went up by 104% last month. However, the Sui Foundation denied these claims, saying no employees or insiders sold tokens.
Some popular crypto analyst, @lightcrypto, posted that a wallet connected to the Sui Foundation sold more than 82.6 million SUI tokens which is worth about $184 million since late June. These tokens were sent in small amounts to big exchanges like OKX, Binance, and Bybit. The tokens came from a wallet belonging to the Sui Foundation.
In response, the Sui Foundation said that no insiders, employees, or investors from the Foundation or Mysten Labs sold $400 million worth of tokens.
DTX Exchange: A new winner in crypto funding!
This week, DTX Exchange (DTX) has become one of the biggest success stories in crypto, raising over $4.8 million in early funding! It did this quickly, beating out many other new projects and becoming the best presale of the quarter.
DTX is exciting because it combines features from two types of exchanges: DEX (decentralized exchange) and CEX (centralized exchange). This means it offers the best of both worlds!
It also aims to connect traditional finance (TradFi) and decentralized finance (DeFi) by letting users access many different kinds of assets, such as stocks, bonds, currencies, and cryptocurrencies.
With all these features, DTX is a strong player in the $10 billion global trading market. The presale is the best chance to buy, with tokens costing just $0.08 in the fourth round. After it is listed on major exchanges, its value might increase by 4,500%, making it better than many well-known competitors!
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