Recently, a dormant Ethereum whale moved around $90 million worth of tokens to cryptocurrency exchange Kraken after five years, sparking discussion among analysts and cryptocurrency enthusiasts.
Meanwhile, Arweave holders are actively exploring Pullix as the project approaches its token presale.
Ethereum remains bullish
In cryptocurrencies, whale movements can have a negative impact on prices, especially when coins are moved to exchanges.
Recently, a whale deposited 39,260 ETH to Kraken. The address had previously received 47,260 ETH from a transaction in 2017 that was valued at just over $11 million at the time.
If the whale sells, the address could realize $90 million under current market conditions.
Arweave holders explore Pullix pre-sale
Early Arweave holders understand the importance of investing early.
To put things into perspective, AR price reached an all-time high of $90.94 in November 2021, a 200,000% increase from the all-time low of $0.4 in May 2020.
Although the price will drop in 2022, AR is trading at around $8. Early investors still profit.
Some Arweave holders are exploring opportunities and are considering Pullix.
Features
Pullix offers a hybrid cryptocurrency exchange that combines decentralized finance (defi) with online over-the-counter (OTC) retail trading potential.
PLX is the platform’s utility and governance token. Traders can earn rewards and benefits through this token.
The platform supports up to 30% of PLX’s revenue, reducing volatility risk.
Pullix also offers profit sharing opportunities to traders and early investors, including PLX exposure.
Staking PLX and providing liquidity can provide potential returns of up to 18% on fixed investments, and even higher with other incentives.
The total supply of PLX is capped at 200 million, 60% of which is reserved for the first phase of pre-sale at an initial price of $0.04.
