The coins chart-image of the market conceptual representation of crypto whales. / GIFX At 22:44 p.m GMT, GIFA Token (GIFX) breaks above $88....
The coins chart-image of the market conceptual representation of crypto whales. / GIFX
At 22:44 p.m GMT, GIFA Token (GIFX) breaks above $88.30 as whales continue the accumulation frenzy with $166418,32 (Sixteen million six hundred forty-one thousand eight hundred thirty-two) worth of GIFA Token being purchased in the last 30 days. The entire crypto industry seems to rebound back from crypto winter. As of 7.30am on Monday, July 26, Bitcoin’s price peaked at $39,065.30. One of the key reasons why the price of the GIFA Token is up over the weekend could be credited to a surge in buying power of the whales.
Definition of Whales
The term 'whale' refers to an investor with deep pockets who can move the market prices by buying or selling in large volumes. Given the relatively modest market caps of crypto assets compared to other sectors, the movements of crypto whales can provide important price signals to alert investors.
The terminology 'whale' comes from the traditional financial markets and refers to a trader with a significant amount of capital. Due to the large size of a whale trader's position, whale traders can influence markets to move in either direction when they make large buy or sell orders.
Using the whale analogy, it can be useful to imagine the crypto market as an ocean where small fish have little influence on the water's current and to survive from the pressure they must swim in the same direction as the current moves. A whale can cause volatile storms or big splashes in the seas that wipe out the small fish ashore.
GIFA Token's Whales
Although we are sharing this data, the addresses, charts, and screenshots, GIFX exchange never discloses the identities or names of the whales that formed up the competitive base of the GIFX market.
Nakamoto Index clearly indicates that major GIFA Token holders are now accumulating sizable amounts of golden tokens. Most notably, few whales have accumulated an estimated 80,000 tokens in a single day. The increase in GIFA Token price, as well as the accumulation of whales, corresponds with the recent opening trading platform, adding Dogecoin (DOGE) and Binance Coin (BNB) on the platform.
There are 256 whales of GIFA Token among the loyal holders who all together owning 20 100 000 000,00 GIFX in total. Whales are defined as clusters of unique addresses belonging to a certain entity ( individual or organization) owning between 100,000 and 10,000,000 GIFX or more. The data analytics also shows that the number of entities holding GIFA Token since October has increased, from roughly 46,000 investors' standing point to nearly 200,000.
GIFA Token unique addresses of whales / Bloxy Analytical Reports.
The number of daily active addresses interacting with the GIFX network has been steadily picking up over the past few weeks. GIFA Token - whales' addresses alone have transferred over $149.330.674 (USD) on 15th July, and traded $98.384.520 (USD) in 5 days on GIFX exchange. Such on-chain activity suggests that investors could either be booking profits or reallocating their funds, which is a bearish sign. The total value of the mentioned transaction stood at around $149 million. The transfer was recorded on Monday 15 July at 22:32 GMT. The latest GIFX transaction came after the GIFA Token saw a sudden rebounding back.
Moreover, GIFA Token’s users are rapidly acquiring the token at a low rate following the two recent 50% promotions, that allowed them to buy any cryptocurrency include bitcoin at half price. Despite the grim worst-case scenario of volatility, whales continue accumulating more GIFA Token even at every dip level.
These high-net-worth individuals have acquired roughly 12,000,000 GIFX owning nearly 53% of the total supply. Well-known GIFX wallets were recently involved heavily in the across-exchanges transaction. According to the latest data posted by Bitquery crypto analytics and blockchain tracking algorithm.
GIFA Token top holders' screenshot / Bloxy Analytical Reports.
Since June 2021, the GIFX exchange supply ratio has picked up significantly as leading GIFA accounts moved their digital assets from exchanges to digital wallets and vice versa. According to the latest data published by https://bitquery.io/, the GIFA Token supply ratio reached its peak in February 2021 hitting the trading volume of 35,000,000,000 levels in 5 months of its inception.
GIFA Token (GIFX) is a global crypto exchange that provides a digital wallet, and trading platform for various cryptocurrencies. GIFX exchange is a secure platform to buy & sell bitcoins, ethereum, tether, ripple, litecoin, binance coin, dogecoin, and others. GIFA exchange is based in Northern Cyprus.
