Shiba Inu (SHIB) whale activity has skyrocketed by 1300% as whales go crazy about the meme coin. Alongside this, Pullix has seen a 100% rise in value in just four weeks. Currently in stage 6 of its presale, the DeFi platform has managed to garner over 3.200 holders and over 11,000 registrations. Having raised over $4 Million, investors are bracing for the imminent release of its Beta platform. Today we will discuss the future of both tokens.
Shiba Inu (SHIB) Whale Activity Up
Shiba Inu (SHIB) has experienced a significant increase in whale activity. Data from IntoTheBlock showed an incredible 1,300% increase in massive whale transactions involving the meme coin.
Whale transactions – those surpassing $100,000 in SHIB equivalent – had an exceptional spike, totaling an astonishing 62 transactions in this short period. The total volume of these whale transactions soared to an astonishing 9.38 Trillion SHIB, or $89.88 Million.
If this accumulation continues, it may indicate an increase in optimistic attitude among these huge investors. In such a circumstance, the price of Shiba Inu could increase.
At the moment, the price of Shiba Inu has been swinging between $0.00000942 and $0.00001049 on the weekly chart. Although the meme coin is still down on the weekly chart, analysts have predicted a 20x surge in the coming weeks.
Pullix (PLX) Has Raised $4Million in 5 Weeks
Pullix (PLX) is a unique exchange platform that blends the best features of both centralized and decentralized exchanges. PLX is fundamentally a non-custodial exchange, allowing users total control over their digital assets holdings. Large markets like FX and OTC are also easily accessible with this DeFi project.
Trading in a variety of markets, including indices, options, currencies, commodities, and stocks, is available on the Pullix platform. In 2024, experts predict that PLX will do well. Compared to other exchange tokens, the DeFi project and PLX token have greater potential because of its connectivity to these markets. For instance, the daily volume of the forex market exceeded $6.6 Trillion, while the worldwide cryptocurrency market is valued at $204 Billion.
The variety of ways Pullix’s users can make money is another factor contributing to the growing reputation of Pullix as the best crypto investment of the year. Users can profit by staking the PLX coin with Pullix. Staking is the process of locking up tokens in a smart contract to improve the liquidity of the platform.
With the implementation of revenue sharing on the platform holders of the PLX token will be eligible to take a portion of daily profits generated,
How much and how long you invest your tokens will determine the prizes. You can make more money the longer you hold onto your investment. Another feature offered by Pullix is Market-Making Liquidity Contribution. It enables anyone to add liquidity and act as a market maker.
Market makers on Pullix can get an annual return of 8% to 18%. This approach is expected to draw more users, increasing Pullix’s popularity. Priced at just $0.08 per token, Pullix is now considered the best coin to invest in in the market.
Final Thoughts
While Shiba Inu has seen increased whale transactions, investors’ interest in Pullix has skyrocketed. It has become the best coin to invest in since its 100% price surge. Another reason investors are looking towards Pullix is its income-generating feature and upcoming launch in Q1 2024.
For more information regarding Pullix’s presale see links below:
Visit Pullix
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Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
Source: https://www.thecoinrepublic.com/2024/01/21/whale-activity-up-1300-for-shiba-inu-shib-many-now-looking-towards-pullix-plx/