Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Making Investors Copy
The post Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Making Investors Copy appeared first on Coinpedia Fintech News
Over the past few weeks, the overall cryptocurrency market has been experiencing a steady decline, with BTC dropping from its new all-time high of $109,000 to a correctional phase, now standing at $99,000.
This bearish turn in the cryptocurrency market has forced whales, particularly large holders of AVAX, to secretly approach a new token, 1Fuel. The asset, still in its presale stage, has been experiencing a significant surge in its sales volume, recording a milestone of $2 million as it concludes its third stage of its presale.
This surge in 1Fuel’s activity and 100x prediction by analysts is driven by big-bag investors from top cryptocurrencies like AVAX, investing in the token as they seek to catch the rally early. Read on to find out why.
AVAX Loses Whale To New Token Following Decline
AVAX, which achieved a notable rally of $55.69 during the December bull run, is currently trading at a consolidated price of $25 per token, representing over a 50% market decline. Additional data from the chart shows that AVAX is currently experiencing a correctional phase after dropping drastically from its critical support level of $34.5
To prevent further losses investors are making a shift by selling the asset. AVAX exchange netflow, which records the amount of the asset bought and sold on multiple exchanges within a given period, further reveals a higher outflow of $36.60 million. This increase in AVAX’S outflow implies a sell-off of the token. As this bearish trend rides on, savvy investors have sought out other alternatives to maximize their gains.
Whale watchers have tracked a certain AVAX whale moving their funds to 1Fuel’s ongoing presale as the project hits $2 million in token sales, with other market participants following suit. With top analysts’ predictions of a potential 100x return, 1Fuel has been tagged as one of the best cryptocurrencies to invest in 2025.
Investors Stay Locked In Because Of 1fuel’s Potential
Coupled with its cheap price of $0.017, 1Fuel, in its development phase offers a wide range of opportunities. This has aided the massive influx of AVAX investors into 1Fuel’s presale. 1Fuel’s soon-to-be-released wallet is set to introduce a one-click multichain functionality in its cryptocurrency wallet. This gives traders the ability to trade and swap between multiple blockchains in one single wallet, thereby easing the stress that comes with managing multiple cryptocurrency wallets.
The cryptocurrency wallet, upon release, will feature a P2P exchange platform which will eliminate the need for third-party interference during transactions. The P2P exchange platform will prioritize security and anonymity, making it impossible to have users’ transactions monitored. Along with the multi-chain functionality and its P2P exchange is its staking feature creating a means of passive income for its users. Investors are particularly excited at the thought of staking their favorite tokens and earning up to 30% APR.
To top this off, 1Fuel will make available virtual and physical debit and credit cards; this unique feature sets it apart from other top cryptocurrency exchanges as holders will be able to perform transactions with their tokens in the real world.
Conclusion
With 1Fuel’s presale entering its fourth stage in no time, AVAX and other smart money investors are flocking in large numbers and seizing the opportunity to buy it while 1Fuel is still selling at a cheap rate of $0.017. This price is set to skyrocket soon once this phase rolls out.
Join 1Fuel now before the price rises and get a 20% bonus on your purchase!
Find Out More About The 1Fuel Presale, Use The Links Below:
Website: https://1fuel.io/
Telegram: https://t.me/Portal_1Fuel
Twitter / X: https://x.com/1Fuel_
