Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Making Investors Copy
The post Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Making Investors Copy appeared on BitcoinEthereumNews.com.
Over the past few weeks, the overall cryptocurrency market has been experiencing a steady decline, with BTC dropping from its new all-time high of $109,000 to a correctional phase, now standing at $99,000. This bearish turn in the cryptocurrency market has forced whales, particularly large holders of AVAX, to secretly approach a new token, 1Fuel. The asset, still in its presale stage, has been experiencing a significant surge in its sales volume, recording a milestone of $2 million as it concludes its third stage of its presale. This surge in 1Fuel’s activity and 100x prediction by analysts is driven by big-bag investors from top cryptocurrencies like AVAX, investing in the token as they seek to catch the rally early. Read on to find out why. AVAX Loses Whale To New Token Following Decline AVAX, which achieved a notable rally of $55.69 during the December bull run, is currently trading at a consolidated price of $25 per token, representing over a 50% market decline. Additional data from the chart shows that AVAX is currently experiencing a correctional phase after dropping drastically from its critical support level of $34.5 To prevent further losses investors are making a shift by selling the asset. AVAX exchange netflow, which records the amount of the asset bought and sold on multiple exchanges within a given period, further reveals a higher outflow of $36.60 million. This increase in AVAX’S outflow implies a sell-off of the token. As this bearish trend rides on, savvy investors have sought out other alternatives to maximize their gains. Whale watchers have tracked a certain AVAX whale moving their funds to 1Fuel’s ongoing presale as the project hits $2 million in token sales, with other market participants following suit. With top analysts’ predictions of a potential 100x return, 1Fuel has been tagged as…
Filed under: News - @ February 9, 2025 3:23 pm