As the excitement around Shiba Inu (SHIB) and Toncoin (TON) fades, big investors, including institutional funds, are shifting their focus to DTX Exchange following its successful test net launch.
DTX Exchange has attracted significant attention by raising over $2.2 million and offering unique features like discounted trading fees, advanced analytics, and priority support for its token holders. With many seeing the platform as a promising alternative, DTX is quickly gaining traction, it recently trended on Twitter in the United States.
Shiba Inu (SHIB) whales make big moves amid market dip
Every cryptocurrency has several categories of investors. The top three are retail, institutional investors, and whales. About 73% of Shiba Inu (SHIB)’s holders are whales, according to data from IntoTheBlock. With such a large concentration of whales, the Shiba Inu (SHIB) market is expected to witness substantial transactions. More recently, a whale managed to purchase a staggering 1 trillion Shiba Inu (SHIB) over the past seven days.
Arkham Intelligence data indicates that the address “0x78342” purchased this additional quantity of meme coins. This wasn’t all as the majority of the Shiba Inu tokens came from another unknown wallet, “0x826c.”. It’s interesting to see that this address still possesses $18.87 million, or 1.395 trillion Shiba Inu (SHIB).
Amidst this purchase, the number of large transactions in Shiba Inu (SHIB) has increased by more than 62%. With this, the overall amount of big transactions for the previous day has reached 3.05 trillion SHIB or $42.88 million in cash. But sadly, at press time, the same number dipped by 45% and was at $9.52 million.
Toncoin (TON) faces bearish pressure, risks further decline
Toncoin (TON) price is grinding lower below the $6.50 pivot level. TON is well below the 50-day simple moving average (blue) and might even drop below $5.00.
In the past 3-4 days, there was a minor recovery attempt, but the bears remained in action. It seems like the price saw a steady decline from the $7.27 swing high like Bitcoin. It traded below the 61.8% Fib retracement level of the upward move from the $4.86 swing low to the $7.27 high to enter a bearish zone.
DTX Exchange Gains Momentum
DTX Exchange has attracted more than $2.2 million in capital since launching due to exceptional user activity and token utility, while meme coins such as Shiba Inu and Toncoin (TON) still float range bound. By participating in the presale, new investors enjoy several benefits on the exchange.
The DTX tokens are flourishing in demand as over 15,000 users have stockpiled them at a low price of $0.06. As the token gears up to reach the $1 level post-mainnet launch, savvy investors rush to fill bags before the flight takes off, positioning themselves to profit up to 25x once the tokens hit CEX platforms.
Token holders get discounted trading fees, encouraging participation and reducing transaction costs; holding DTX Tokens also unbuckles premium features (advanced analytics, priority customer support) that encourage users to acquire a share of the platform.
Get in early, join the DTX presale by clicking here.
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