The crypto market is experiencing a bull run, with established players like Bitcoin and Ethereum reaching new heights. This bullish momentum has also revitalized the memecoin sector, and Pepe has been a major beneficiary. However, recent movements suggest whales are making profits from their $PEPE holdings. Could this be a sign they're looking to invest in the next big memecoin phenomenon – the best upcoming ICO, Galaxy Fox?
$PEPE, the frog-themed memecoin, has mirrored the broader market's growth. After a quiet period, it surged an impressive 549% in two weeks and a staggering 799.5% in a one-month period. This price explosion has attracted the attention of whales. Lookonchain, a blockchain analytics platform, reported a whale making a whopping 431% profit on $PEPE holdings within two weeks. This news and large $PEPE withdrawals from exchanges right before the price spike suggest whales are cashing out on their profits.
Despite the whale activity, the $PEPE community remains confident. They believe $PEPE can maintain its position as the premier memecoin of this bull run. The token has climbed to the top of the memecoin rankings, boasting a market capitalization above $3 billion.
While the whale activity might raise concerns about short-term volatility, it doesn't necessarily spell doom for $PEPE. Historically, whale profit-taking can create buying opportunities for smaller investors. Additionally, $PEPE's strong community support and impressive growth trajectory suggest this good crypto to buy has long-term potential.
While $PEPE basks in its recent success, a new memecoin and the best upcoming ICO project – Galaxy Fox – is generating significant buzz. Galaxy Fox's presale has been a success, raising more than $4.4 million. This strong investor interest can be attributed to several factors, which are outlined below.
Galaxy Fox offers a compelling Play-to-Earn (P2E) experience through its web3 endless runner game. Players can compete for rewards in $GFOX, the platform's native token. The project aims to elevate the gaming experience by introducing a collection of 3,000 unique NFTs. These coolest NFT assets offer special in-game abilities, giving players a competitive edge. Those interested can acquire these NFTs directly through the Galaxy Fox website.
Galaxy Fox boasts a well-defined tokenomic structure with a total supply of 5 billion tokens. The presale allocation takes up 70% of the supply, ensuring a strong foundation for the project. The remaining tokens are distributed strategically, with allocations for liquidity (10%), the team (5%), competitions and prizes (5%), and the Galaxy Fox ecosystem (10%).
Furthermore, Galaxy Fox implements a 6% tax fee on all buy and sell transactions. These collected fees are then strategically distributed, with 2% each going to the staking, treasury, and liquidity pool. This system ensures a healthy cash flow within the Galaxy Fox ecosystem, fostering long-term sustainability.
The Galaxy Fox presale has entered its ninth stage, with $GFOX priced at $0.002376. Over $4.4 million has already been raised, with more than 3.1 billion tokens acquired by early investors. The next stage is poised to launch soon, with a projected token price of $0.00264.
Galaxy Fox stands out as the best upcoming ICO with its innovative Play-to-Earn model, strategic NFT integration, and well-defined tokenomics. The project's impressive presale and active community suggest it has the potential to become a major force in the memecoin space.
To learn more about Galaxy Fox's roadmap, its engaging Play-to-Earn game with NFTs, and its vision, visit their website. Consider joining their Telegram community to connect with other early adopters and stay updated on the latest developments.
Visit Galaxy Fox Presale | Join the Community
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.