The sudden movement of 1.2 million WIF tokens worth $3.47 million to Coinbase by a crypto whale surprised many, with uncertainty around what it meant for the WIF price.
In other news, Ethena (ENA) has set its sights on its ATH in this bull run while Lunex maintains its explosive presale gains. Lunex has cracked $5.3M already. Find out why Lunex is outperforming WIF and ENA.
Lunex is not stopping anytime soon!
At $0.0046 per token, Lunex is selling like hotcakes. It’s one of the finest cryptocurrencies to invest in, having sold over 2.3 billion Lunex tokens and amassed $5.3 million already.
Benefiting from Lunex Network’s revenue-sharing mechanism, you may stake Lunex tokens in a staking pool and receive rewards with annual percentage yields (APYs) of up to 18%.
Following the launch, traders will have access to Lunex Network’s state-of-the-art cross-chain trading platform, where they may utilize these tokens. Lunex Network joins isolated blockchains, allowing traders to transfer cryptocurrency across different networks without incurring additional fees.
Lunex has access to over 50,000 tokens across 40 blockchain networks, facilitating these transactions and eliminating the need for multiple wallets, ensuring a seamless process.
Experts predict a three-year explosion in the DeFi sector, reaching $502 billion. Lunex expects to take a sizable chunk out of the DeFi industry due to its friendly features like robust security, no-KYC policy, seamless interoperability, cheap transaction fees, and user-friendly UI/UX.
Dogwifhat maintains a bearish outlook amid $3.47 million whale dump activity
A cryptocurrency whale transferred 1.2 million WIF tokens into Coinbase, with a value of $3.47 million. This whale is currently reaping a profit of more than $3 million after initially buying the WIF tokens at $393,000 eleven months ago. This substantial investment could be a hint of future changes in the value of WIF on Coinbase.
But it’s worth noting that the WIF dump is happening when the industry as a whole has been experiencing bearish momentum. Although the market is recovering, altcoins took the brunt of the latest crypto liquidations, losing about $1.76 billion.
Given the present market volatility and the large WIF tokens dumped, the whale’s selloff might be driven by investor fear or profit-booking. WIF’s price is currently less than $3 and is one of the few popular tokens to be losing in its month-on-month growth percentage.
Ethena (ENA) aims to re-peak above ATH before year-end
Like WIF, Ethena (ENA) achieved its ATH earlier this year in April at $1.52. While it has failed to replicate this peak since, declining to an all-time low of $0.19 in September, ENA is closing in on its all-time high again, trading above $1.
It seems like ENA may be in for some positive momentum in the next few weeks, based on recent market behavior. The acquisition of almost 16.79 million ENA tokens, valued at $11.21 million, by Arthur Hayes, the former CEO of BitMEX, contributed to ENA’s buzz.
There is a possibility for even larger drops, according to technical analysis, as ENA just broke down from an ascending channel pattern. Despite ENA’s F&G at 72, showing investors are on a greedy run, Lunex’s growth potential is more enticing to investors, meaning you should jump on the train now!
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.comSocials: https://linktr.ee/Lunexnetwork
