Crypto Whales Buy the Dip: Ethereum (ETH) and Shiba Inu (SHIB) See Whale Activity As Interest in Pullix (PLX) Surge
As the crypto market experiences a dip, crypto whales are taking advantage of the opportunity to buy up Ethereum and Shiba Inu. Additionally, there has been a surge in interest in Pullix
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As Grayscale investors instigated a sell-off after the Bitcoin ETF approval, the crypto market suffered a major price drop. However, while prices were down, many whale investors seized the opportunity to increase their Ethereum (ETH) and Shiba Inu (SHIB) holdings.
Pullix (PLX) is another altcoin that has seen a surge in a massive surge in interest. In just a few weeks, the cryptocurrency ICO has sold more than $4.6 million worth of PLX tokens. Let’s find out the reason for the growing interest in Pullix.
Whales Scoop Up Ethereum (ETH) Amidst Price Drop
Ethereum (ETH) suffered a major price drop as a result of the recent crypto market plunge. From a 2024 high above $2,600, the price of Ethereum dropped to the $2,200 level. However, whales took it as an opportunity to increase their ETH holdings.
Spot On Chain reported that a single whale bought over $46 million worth of ETH to be staked on Lido. LookOnChain reported that another whale spent $7.3 million to purchase Ethereum. The increase in whale activity happens as market experts anticipate a price surge for Ethereum.
One of the leading reasons for the bullish sentiment is the potential of an Ethereum ETF. A recent update from the SEC suggests that the leading altcoin could get a spot ETF before the end of the second quarter.
Pullix (PLX) Exchange Excites the Crypto Community With Earning Opportunities
Pullix (PLX) has sent ripples of excitement through the DeFi market as one of the most unique exchanges to launch. Despite the fact that it is a hybrid exchange offering users to benefit from all the advantages of centralized and decentralized exchanges, earning opportunities are what attract the user’s attention.
The PLX token holders can passively earn interest by contributing to AMM on the platform. The rate of interest ranges from between 8% to 18%, which implies a very lucrative investment venture. The PLX token can also be staked for the additional income.
Also, Pullix provides investors with liquidity and slippage-based trades to indulge in fast trading. In general, Pullix provides a different approach to engaging in the crypto market, emphasizing liquidity and increased security. Therefore, Pullix is laying the ground for better crypto exchange services in the DeFi market.
Pullix is among the best cryptos to buy, given its varied trading functionality and passive income opportunities. Currently in its cryptocurrency ICO phase, you can buy PLX for only $0.10 per token. However, as it approaches its launch later in the first quarter, analysts have forecasted gains of up to 35x.
Billions of Shiba Inu (SHIB) Tokens Gulped Up By Ethereum Whale
Shiba Inu (SHIB) has also found a place amongst whales that add ETH to their portfolios. According to Etherscan, an unidentified Ethereum whale bought more than 606 billion SHIB tokens. Following the purchase, the wallet address now holds over 1 trillion Shiba Inu coins.
The purchase follows a major milestone celebrated in the Shiba Inu community. Shiba Inu’s layer-2 blockchain solution – Shibarium – has completed over 300 million transactions with a daily average of 1.2 – 7.8 million. This growing activity could potentially influence the price of the Shiba Inu coin.
Closing Thoughts
Crypto whales were granted an opportunity to purchase additional ETH and SHIB thanks to the recent decline in the price of cryptocurrencies. Furthermore, the spike in demand for Pullix shows how much potential the platform holds. Looking to transform the crypto trading space, PLX is certainly among the best cryptos to buy in 2024.
For more information regarding Pullix’s presale see links below:
