A Blockchain is a public database that is open and accessible to everyone. This new wave of transparency means that every transaction on a Blockchain is recorded and can be seen by all. And during these periods of market decline, investors can follow whale wallets to see what they are buying. This article features four crypto projects whales are buying, with one seeing far more investment than others.
Still, in its presale phase, Gnox has been a target of substantial buy orders by whales on the BSC (Binance Smart Chain), and they are busy accumulating this token more than any other.
Why Are Whales Buying Gnox?
One crypto analyst stated that this influx of capital from whales is due to the bearproof nature of the Gnox protocol. Gnox will pay out stablecoin to its investors every 30 days and distribute GNOX tokens automatically to holders every 60 minutes. The developers appear to have hard-built this protocol to favour long-term investors. With the constantly growing treasury fund, whales have picked out this protocol as an easy passive income stream that will continue to grow throughout the bear market.
Pancakeswap is the largest DEX (decentralised exchange) on the BSC, and whales also buy the governance token CAKE during the current dip. CAKE currently trades at $3.10, down from its ATH (All-Time High) of $44.18. Investments now represent an enormous 14X when CAKE reclaims its ATH in the next bull market cycle, and whales are single staking this token of Pancakeswap to earn more than 80% APR. CAKE is an investor’s dream: its price is heavily depressed, and it can be used to generate more CAKE, so not only will the initial investment ballon in value, but also the generated revenue.
Biswap is another DEX that lives on the BSC. It was the first DEX to roll out a referral programme and pay users to trade on the exchange. It features some of the most competitive trading fees available on the BSC and is popular amongst crypto traders. BSW, the governance token, currently trades at $0.32, down from its peak of $2.10 and is another token whales are busy accumulating.
Binance Coin (BNB)
A classic investment for whales. BNB is the native token of the BSC and the utility token of Binance. It rests fifth-ranked by market cap and is what many consider a ‘blue chip’ crypto. It has an excellent track record and is a token whales flock to during dips because they know it will rally again. BNB now trades at $230, down from a high of $690 in May 2021, it is inevitable that during the next bull market phase, BNB will put in a new ATH, and investors stand to gain an easy 3X on today’s investment. Click here to know more about Binance here in detail. Also, to have a in-depth idea about the crypto exchange in Indonesia, visit here.
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Join Presale: https://presale.gnox.io/register