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The crypto market experienced a massive price drop when Grayscale investors initiated a sell-off following the Bitcoin ETF approval. However, as prices are falling, many whale investors are looking to increase their Ethereum (ETH) and Shiba Inu (SHIB) holdings.
Pullix (PLX), whose future is uncertain, is claimed to be another altcoin gaining traction, according to the sponsored content poster. In just a few weeks, the cryptocurrency ICO is reported to have sold $4.6 million worth of PLX tokens. The project is new and its future is uncertain, and the investment carries the risk of loss.
Whales Collect Ethereum (ETH) During Price Drop
Ethereum (ETH) has experienced a massive price drop as a result of the recent crypto market decline. From a peak of over $2,600 in 2024, Ethereum price has fallen to $2,200. However, whales saw this as an opportunity to increase their ETH holdings.
Spot On Chain reported that a whale purchased $46 million worth of ETH to be staked on Lido. LookOnChain reported that another whale spent $7.3 million to buy Ethereum. This increase in whale activity comes as market experts expect a price increase for Ethereum.
One of the leading reasons for the bullish sentiment is the potential of an Ethereum ETF. According to the latest update from the SEC, the leading altcoin may receive a spot ETF by the end of the second quarter.
Pullix (PLX) Excites the Crypto Community
According to the sponsored content sender, Pullix (PLX), whose future is uncertain, wants to be one of the unique exchanges that want to enter the market. It is claimed to create waves of excitement in the DeFi market. It is said to want to be a hybrid exchange that takes all the advantages of centralized and decentralized exchanges. It may fail. Avoid taking action on projects where you do not trust the project and its team.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Reportedly, PLX token holders can earn passive income by contributing to AMM on the platform. Interest rates vary between 8% and 18%, making it a very profitable investment venture. PLX token can also be staked for additional income. It is not certain.
According to the content poster, Pullix offers liquidity and slippage-based trading to investors for fast transactions. Overall, Pullix offers a different approach to participating in the crypto market, emphasizing liquidity and increased security. Therefore, Pullix is planning an updated exchange in the DeFi market. The project is new and its future is uncertain.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Sponsored content sender Pullix is reported to be a tractable project according to its team, considering its diverse transaction functionality and passive income opportunities. Pullix, which is currently in the cryptocurrency ICO phase, is said to be available to purchase PLX for just $0.10 per token. It is claimed that if the project is successful and starts to be traded on stock exchanges, there is a possibility of making profits. Be careful, there is risk.
Ethereum Whale Swallows Billions of Shiba Inu (SHIB) Tokens
Shiba Inu (SHIB) also found its place among the whales adding ETH to their portfolios. According to Etherscan, an unidentified Ethereum whale purchased over 606 billion SHIB tokens. After the purchase, the wallet address held more than 1 trillion Shiba Inu coins.
The acquisition followed a major milestone celebrated in the Shiba Inu community. Shiba Inu’s layer-2 blockchain solution – Shibarium – has completed over 300 million transactions, with an average of 1.2 – 7.8 million per day. This increased activity could potentially impact the price of the Shiba Inu coin.
Final Thoughts
Sponsored content submitter crypto whales have found the opportunity to purchase additional ETH and SHIB thanks to the recent drop in the price of cryptocurrencies. According to his team, the increase in demand for Pullix has allegedly caught the attention of some people, even though its future is uncertain.
Click to review Pulix token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!