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Recent data shows that crypto whales have been accumulating Galaxy Fox (GFOX), Ethereum (ETH), and XRP. This purchase has caused a stir in the community. People are curious about its reasons and potential impact on the market.
GFOX presale status
GFOX has attracted attention from investors, including crypto whales, who recognize its potential.
The presale is now in stage 7 and is almost selling out. About two million coins remain out of the 35 million set aside for the presale.
Galaxy Fox offers a play-to-earn (P2E) web 3-runner game, a staking platform with rewards, NFTs, an NFT marketplace, physical merchandise, and a token burn feature.
The project also has a treasury that ensures that every GFOX is allocated a specific purpose in the ecosystem.
Galaxy Fox has already raised over $2.9 million.
Whales accumulating XRP and ETH
Ethereum and XRP prices are sliding, drawing attention from some traders.
Meanwhile, an Ethereum sidechain, XRP Ledger, is being developed by Ripple X and Peersyst. The sidechain will allow developers to deploy Ethereum smart contracts on the XRP Ledger.
For this reason, supporters expect XRP and ETH to rally.
Final word
Even with crypto prices dropping, some investors are looking for opportunities to double down ahead of the expected bull run. Among the coins closely monitored are ETH, XRP, and GFOX.
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Source: https://crypto.news/crypto-whales-accumulating-eth-xrp-and-gfox/