Lunex Network Raises Nearly $5 Million Attracting Solana and Ethereum Investors in the Process

Lunex Network, a rising blockchain star, raised nearly $5 million in its viral ICO. The project has drawn the interest of Solana and Ethereum investors, bringing together communities from two of the greatest blockchain ecosystems. With its approach to decentralized technology, Lunex Network is positioning itself as a lucrative crypto asset. 

Solana Gains Momentum as Whales Accumulate $60M SOL 

Whale investors are already looking at Solana with over 250,000 SOL tokens—worth more than $60 million—being taken out from the markets during the past month. Solana supports roughly 2,400 transactions a second and it is a favorite among blockchain enthusiasts. Such speed and efficiency paired with a diverse ecosystem of DeFi projects, NFTs, and DApps keep large-scale investors watching Solana.

Solana is being regarded as a high-performance blockchain making it a long-term investment advantage. Today, SOL is currently at $227.56, down 4% during the last twenty-four hours. However, analysts remain hopeful and predict Solana's price might reach $300 by the end of Q4 2024 as its use cases and adoption expand.

Ethereum Surges to $4,096 Amid Record Market Activity

Ethereum's market activity surged this week with $17.15 billion in transactions—300% far more than in prior weeks. This momentum propelled Ethereum to a new 2024 high of $4,096, breaking March’s resistance.

Data from blockchain analytics company IntoTheBlock reveals increased large-scale transactions which suggests more interest from institutional investors and high-value individuals. This trend signals increased confidence in Ethereum's market strength.

The $4,000 milestone represents more than a psychological barrier—it’s the highest ETH price this year. Strong buying pressure kept prices above $3,900, reflecting sustained demand.

On-chain data reveals a robust support zone between $3,514 and $3,634, where 5.1 million ETH are held by 3.4 million addresses, creating a solid price floor. Analysts project Ethereum could reach $15,000 by Q2 2025.

Lunex Network ($LNEX): The Future of DeFi Trading

Lunex Network (LNEX) has entered the DeFi space with a one-stop multi-chain trading platform that delivers speed, privacy, and versatility to its investors. The platform allows swaps across 50,000 + assets via Ethereum's smart contracts.

Protection and anonymity are important priorities at Lunex Network which circumvents traditional KYC registration procedures and protects user information. By eliminating the need for wallet linking to third parties like MetaMask, Lunex Network appeals to privacy-conscious traders looking for a secure and discreet way to trade.

The network also features an intuitive mobile exchange app, perfect for users who want to trade on the go with real-time market insights. Developers and businesses benefit from its powerful architecture, backed by 65 RPC nodes that ensure efficient data handling and scalability. This infrastructure supports the creation of innovative dApps, fostering growth within the ecosystem.

Lunex Network introduces a one-of-a-kind revenue-sharing model that rewards users and boosts the value of $LNEX tokens through strategic burns. Currently priced at just $0.0038, $LNEX tokens are generating buzz in the DeFi world. Analysts predict a potential 2,000% surge by the official launch, positioning Lunex Network as a strong contender for traders looking to tap into DeFi’s next big breakthrough.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork