Whale investors from Solana (SOL) and Dogecoin (DOGE) are making waves by accumulating a new DeFi token in its presale stage, highlighting an expectation of a possible 15x growth.
The recent increase in whale activity within the Solana and Dogecoin ecosystems highlights strong confidence in these projects, mainly supported by developer activity on Solana and growing whale transactions for Dogecoin.
Nonetheless, these whale investors are turning to the new DeFi token that offers lucrative opportunities for investors.
Solana Sees Surge in Developer Activity and Whale Accumulation
On October 8, 2024, Santiment shared new data on activity within major blockchain ecosystems, including Solana. The surge in the GitHub daily events means developers are actively supporting, updating, and evolving the platforms.
Santiment data revealed that Solana recorded a remarkable 10.7% surge in notable GitHub activities in the first week of October. The development showcased Solana’s innovative capacity and reflected positively on SOL’s market performance.
The Solana market has been heating up, with whale activity showing a huge spike recently. SOL whales made their presence known with the coin’s price nearing critical resistance zones. These whales control over 59% of the circulating supply, and they influence the market performance of SOL.
With whales now confident of Solana’s potential, it may cause more buying pressure in the coming weeks. On October 9, SOL was trading at $143.94, down 2.26% in the past week.
Experts say SOL will rise to $158.94 this month, supported by increased whale demand. These whales are also accumulating a new DeFi token predicted to grow 15x once its presale is completed.
Dogecoin Whales Accumulate $220 Million Worth of DOGE
Dogecoin was one of the many meme coins that gained massively at the end of September 2024. Since then, DOGE has lost momentum and is trading below its September highs.
A factor signaling that a renewed surge might be coming is the growing whale activity. IntoTheBlock revealed that whale investors acquired 2.07 billion DOGE tokens worth $220 million in the past week. The last time the Dogecoin whales’ accumulation reached that level was in January 2024.
Another notable element indicating that DOGE’s price will rise is the increase in whale transactions. The metric is up 1% in the past week, flashing the bullish sign. Several analysts believe DOGE is ready for a massive rally in the coming months.
For example, Ali Martinez believes a bull run is coming after the current Dogecoin consolidation and accumulation by whales.
On October 9, DOGE was trading at $0.1089, up 1.14% in the past week. Analysts say DOGE will rise to $0.1355 this month, supported by increasing whale demand. As DOGE shows signs of a bull run, these whales are turning to a new DeFi coin in its presale stage, promising huge gains.
DTX Exchange Attracts Whale Investments with $3.7 Million Raised
DTX Exchange has emerged as a strong investment option in the crypto space, attracting Solana and Dogecoin whales who increasingly favor it over other speculative assets. With a remarkable $3.7 million already raised in its current presale, DTX Exchange shows massive potential for huge returns in this cycle.
With its massively attractive integration of governance and staking features, DTX Exchange encourages token holders to participate in project development and decision-making, owning the platform’s future. The more often users engage, the more DTX tokens they acquire from loyalty incentives.
Apart from governance rights that allow token holders to vote on critical corporate decisions, DTX Exchange can be utilized to acquire tokenized real-world assets and financial products, hence diversifying users’ market exposure to many global assets.
Furthermore, discounted trading fees for DTX token investors will allow users to participate in the market without incurring costs.
All these features and components have attracted at least 23,000 traders who have invested in the ongoing DTX presale, aiming to invest early since the token promises 15x growth. Currently, in Stage 3 of its public presale and trading at $0.06, DTX has offered early investors a 200% profit.
DTX will gain 33% when it moves to Stage 4 of the presale, valued at $0.08. Analysts say DTX will continue surging after listing on mainstream markets. In that context, a reputable crypto influencer and YouTuber, Crypto Legends, said DTX will surge massively after its mainstream launch.
The Best DeFi Token of 2024: DTX Gains Popularity in Its Presale!
The accumulation of the new DeFi token, DTX Exchange, by Solana and Dogecoin whales signals increasing confidence in the future of DX, with massive growth potential.
Solana whales have capitalized on the platform’s growing developer activity, while Dogecoin whales are preparing for a bull rally. Both groups are turning to DTX, a token expected to surge 15x after the presale ends.
