Gnox’s presale sell-out has seen an unprecedented amount of interest from Cardano and Solana whales. These whales, who are typically large investors with a lot of money to spend, have been buying up Gnox tokens in droves, causing a massive influx of demand.
Their project team is very excited about the massive influx of demand from these whales, and they are confident that the project will be a success. Its presale will continue until August 18, 2022, and the team is confident that its official launch will be a huge success.
Cardano (ADA) and Solana (SOL)
ADA was one of the top 10 most traded assets among the top 4,000 BSC whales just 24 hours ago, as data tracker WhaleStats recorded significant trading volumes for the asset.
The reasons for the big purchases remain unknown. However, the Cardano user believes that the purchases were made with the long term in mind rather than to profit in the short term following the Vasil hard fork.
On the other hand, Solana’s price analysis shows the bullish outlay for the day. SOL started the session on a lower note, extending the previous day’s gains. It scaled up to the highs before retracing toward $42.0.
Solana’s blockchain may have become accustomed to errors that appear to occur on a regular basis. This week, there were claims that SOL addresses had been compromised. However, investigations indicated that the exploit wasn’t caused by the network. Fortunately, the incident had no impact on SOL’s price movement.
What about Gnox (GNOX)?
Gnox is the first DeFi yield farming-focused reflection token. The platform’s purpose is to give investors a means to generate passive revenue in the DeFi business. Yield farming is a popular investment option in the bitcoin industry.
The ability to produce passive cash flow from crypto assets without having to sell them is one advantage of yield farming. Traders can invest in the liquidity pool, where the longer they keep their tokens, the bigger the returns.
Gnox’s token price increased by more than 60% after the initial presale rounds ended. Crypto experts attributed this success to its strong passive income utility and business model.
2.5 billion tokens were transferred to the dead wallet during the Gnox token burn event, significantly lowering the Gnox supply and raising the price.
Gnox is currently in its third presale phase and will be officially launched on August 18, 2022.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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