Shiba Inu was regaining investor attention when a whale dumped $99 million worth of tokens to book profits. Meanwhile, savvy traders are jumping ship to trending altcoins like Lunex Network which is already poised for 1800% gains before the end of its presale stages.
Shiba Inu Whale Dumps $99 Million Worth of SHIB
Shiba Inu’s price was on an impressive uptick until a whale decided to dump 4 trillion SHIB tokens which were valued at over $99 million. Since such massive sell offs are usually linked to major market movements, Shiba Inu is now experiencing a cautious sentiment amongst investors. Although some analysts are positive about more gains for Shiba Inu before the end of Q4, savvy traders are already jumping ship to better performing altcoins.
Shiba Inu is currently trading for $0.00002441 after an intraday decrease of 0.31%. Shiba Inu’s volume has increased by 16.67% which typically indicates profit booking. Since Shiba Inu’s Momentum Indicator is also suggesting bearish dominance, Shiba Inu’s price could experience a steeper decline towards the $0.00001772 pivot.
Lunex Network (LNEX) Steals Meme Coin Hype with Non Custodial Exchange
Meme coins like Shiba Inu have dominated the crypto space for several months but Q4 is shaping up to be a massive altseason. As the DeFi market booms with new investment, Lunex Network’s presale is ready to emerge as one of the biggest gainers before the end of the year. Since Lunex Network’s native LNEX token has already rallied by nearly 120% in presale, analysts are positive about this token recording a skyrocketing 1800% price jump before its official launch on the open market.
Lunex Network is setting itself apart from existing DEXs and CEXs by launching a multi chain trading platform that bridges the gap between isolated blockchains. While traditional exchange platforms still require traders to use third-party wallets to make token transfers across different blockchains, Lunex Network simplifies the whole process with its non custodial exchange.
On Lunex Network, traders can sign up by entering their email address and bypassing all unnecessary KYC checks. After that, they can select any of the 50,000+ compatible cryptocurrencies to exchange on any two blockchain networks, enter a recipient wallet address and receive their new tokens within the next few minutes. Aside from this simple user experience, Lunex Network also uses smart contracts to ensure that every trade is processed at the lowest possible cost.
Since Lunex Network is removing the need for unsafe wallets and KYC checks, this new project is quickly attracting whale attention during its viral presale. Even though LNEX tokens are currently selling for $0.0026, analysts are expecting another massive price jump within the next few days.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community
