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Recently PEPE and SUI whales have captured crypto town headlines with their strategic moves. These giants are not only making bold investments in their ecosystems but are also hedging their bets with a promising newcomer: 1Fuel.
With its distinctive offerings and strong presale performance, which has raised over $1.32M, 1Fuel (OFT) is setting itself as a major force in DeFi. Let’s take a closer look at this project and find out what’s driving the hype behind it.
Pepe (PEPE) and Sui (SUI) blockchain have recently witnessed some major market movements that attracted significant attention from large investors, commonly known as whales.
PEPE, a meme-inspired cryptocurrency, has seen increased whale activity despite a 22% price drop last month. As per Spotonchain data, whales have accumulated over 480 billion PEPE tokens, including a $5 million withdrawal from Binance by a new whale and another $3.72 million swap via USDC.
These strategic moves suggest confidence in PEPE’s rebound, as whales typically buy during dips to capitalize on discounted prices. PEPE’s volume has seen over 18% uptick in the past 24 hours, currently trading at $0.00001838.
On the other hand, SUI, known for its robust DeFi features, has started its journey to recover its recently lost $5 support level. SUI is currently trading at $4.81, showing a 2.41% decline in the past 24 hours. The platform's recent partnerships, along with Bitcoin staking attracting over $300 million in bridging assets each month, have helped SUI recover momentum.
Following these developments, big whales from the PEPE and SUI communities are diversifying their portfolios by investing in emerging projects like 1Fuel, a new cryptocurrency wallet. By investing in 1Fuel (OFT), these whales are hedging their bets against possible losses in their Pepe and Sui investments.
1Fuel has recently entered the crypto market and has shaken the DeFi world through its strong fundamentals and innovative technology. It is a soon-to-be-launched innovative and secure crypto wallet that aims to power the next generation of transactions.
The main differentiator of this crypto wallet is its one-click cross-transactions, which saves you from circling in between multiple wallets and paying extra network fees. With 1Fuel, simply choose the token, select what you want to buy regardless of the network, and let it handle the complex swaps behind the scenes.
Another highlight of 1Fuel is its privacy mixer. It anonymizes each transaction and gives users complete control over their assets without giving fraudsters access to personal information.
Further elevating their privacy and security game, they offer cold storage solutions and P2P exchanges, eliminating middlemen from the equation. These features stand out as a major appealing point for those who are extra cautious about their security and privacy.
1Fuel’s OFT token is currently in its presale phase and has been showing a ground-breaking performance throughout. Despite being launched a short time ago, the presale has managed to raise over $1.32 million in funding. This is a clear-cut indicator of the market’s excitement surrounding this upcoming project.
Currently, in stage 3, each OFT token is being sold for only $0.017. This price point has already generated around 70% ROI for all of its early investors, as the presale kickstarted at a mere $0.01. Whales from well-known projects like PEPE and SUI are filling in their bags with this token as analysts forecast massive growth potential in this project.
As the prices of prominent projects like PEPE and SUI fluctuate, their whales are hedging their bets by exploring emerging projects like 1Fuel. With its innovative features, including one-click cross-chain transactions, advanced privacy features, and a strong presale performance, 1Fuel is capturing the attention of the crypto community.
For those seeking to capitalize on this emerging opportunity, now is the time to explore 1Fuel and join the presale.
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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.
