In the ever-evolving world of cryptocurrency, data from Nansen 2 has revealed interesting developments in the last 24 hours. Smart Money appears to be making significant moves within the Ethereum network, with significant capital inflows into various crypto assets. Additionally, notable altcoin project Galxe (GAL) made headlines today by distributing $10.25 million worth of GAL tokens to various stakeholders. Here are the details…
The smart money is in GAL and these 3 altcoins
On-chain data shows that smart money is flowing into coins like GAL, AGIX. Besides these, there are also variations such as stETH, rETH, mkUSD, wstETH, WETH. But in general, according to data from Nansen 2, the 24-hour capital inflow tracking list on the Ethereum network is as follows:
- ETH: Approximately $29.63 million has flowed into Ethereum and the leading cryptocurrency is currently trading at $1,888.24, marking a 3.27% increase in the last 24 hours.
- AGIX: Approximately $3.57 million entered AGIX and it is currently trading at $0.2515, marking an impressive 9.7% increase in 24 hours.
- GAL: Approximately $2.04 million went into GAL, currently valued at $1,404, marking a 5.88% increase in 24 hours.
- WBTC: With inflows of approximately $1.81 million, Wrapped Bitcoin (WBTC) is currently trading at $35,204.58, recording a 24-hour increase of 1.78%.
Galxe unlocks $10.25 million
Meanwhile, on November 5, Galxe, a leading blockchain project, unlocked and distributed a significant amount of 7.42 million GAL tokens, equivalent to $10.25 million. This distribution was made to 142 addresses, including investors, team members, community and marketing participants. Notable buyers of GAL tokens include leading organizations such as Amber Group, Spartan Group, Multicoin Capital, HashKey Capital and Justin Sun. This deployment demonstrates Galxe’s commitment to fostering a strong and diverse stakeholder ecosystem. Additionally, these tokens are allocated to further support and develop the project.
The distribution was carried out via address 0x783 and marks a significant move by Galxe to strengthen its network and partnerships. These developments in the cryptocurrency field continue to fascinate both investors and enthusiasts. The influx of Smart Money into the Ethereum network and Galxe’s significant token distribution demonstrates the vibrant and dynamic nature of the Blockchain industry, where innovation and collaboration are crucial. For more updates on these exciting developments in the crypto world cryptokoin.comKeep watching!
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