The post Solana (SOL) Whale Who Made Millions On BONK Has Only Been Buying This Altcoin Recently appeared first on Coinpedia Fintech News
A notable Solana (SOL) whale known for profiting from the BONK memecoin has turned attention to a new altcoin called Pullix (PLX). Interestingly, this altcoin navigates a presale event that offers an early investment opportunity before the token goes public next month. Let’s learn more about Pullix and what makes it attractive to this Solana whale.
The Rise of BONK and the Solana (SOL) Whale
Dogecoin started the trend of memecoins, Shiba Inu coin followed as the Ethereum memecoin, and now BONK is the Solana memecoin. Those who bought BONK in late 2023 became millionaires in a matter of months as the coin pumped 100x to peak at $0.000035.
While the BONK surge was sudden and violent, dismissing BONK as nothing but hot air would be a mistake. The BONK project has been actively working to bolster liquidity on the Solana network since 2020, and a loyal community of SOL holders has fueled its growth.
50% of the total BONK supply was airdropped to select Solana wallets in late 2022, including a wallet belonging to one SOL whale who made millions on BONK. This whale has actively participated in the Solana ecosystem since its early days and is known for making smart investment decisions.
BONK Price Prediction for 2024
Predicting the future performance of a memecoin like BONK is difficult, as its value is largely driven by hype and community sentiment. However, some analysts predict it could see significant growth in 2024 if the Solana network gains mainstream adoption.
It can also be useful to look at the Shiba Inu pump in 2021. Back then, Shiba Inu pumped hard, corrected almost 50%, and continued its upward trend. BONK is currently experiencing a deep correction after its initial pump, so it’s possible that BONK could soon see another surge.
The 2021 bull run saw Shiba Inu and Dogecoin reach market caps of $35B and $80B, respectively. It is not unreasonable to think that BONK could hit a $5-$10B market cap in the current bull run.
However, another newly released altcoin could outperform BONK with a 100x run in 2024. Let’s look at the Pullix project and why the Solana whale is buying as much as possible before the presale ends.
Shifting Tides to Pullix (PLX)
Pullix is a new trading platform that promises to redefine the trillion-dollar trading exchange industry. The SOL whale’s substantial investment in Pullix has not gone unnoticed, with people now wanting to know why this whale is so bullish.
The first thing to understand about Pullix is that it has a hybrid exchange model that merges the best features of decentralized (DeFi) and centralized financial (CeFi) exchanges. This unique model solves key issues with traditional exchanges, such as liquidity, security, and user experience.
Unlike traditional exchanges that pocket most transaction fees, Pullix proposes a revenue-sharing model that rewards PLX token holders for adding liquidity. Holders also get first access to new features, governance voting rights, fee discounts, and more.
The Solana whale also appreciates that Pullix extends beyond crypto trading. Users can access stocks, commodities, ETFs, and other asset classes directly. Even better, no KYC requirements exist to create an account and trade on Pullix.
The Whale’s Bet on Pullix (PLX)
The Solana whale’s pivot to Pullix suggests a belief in the platform’s potential to solve longstanding issues within the crypto exchange domain while offering significant growth opportunities. For an investor known for capitalizing on trends before they hit the mainstream, this move is a strong endorsement of Pullix’s vision and its capacity to disrupt the market.
Early backers of Pullix have a unique opportunity to gain access to the platform’s native token, PLX, at a discounted $0.14 during the final presale round. While this price is 250% higher than the initial presale price, it is still substantially lower than the projected 100x valuation post-launch.
For more information regarding Pullix’s presale see links below:
#PressRelease [Source: Coinpedia]