Markets are cooling off after weeks of relentless upward action, and this period of consolidation is offering some excellent entry points. Memecoins have remained relatively unharmed by the downturn and have cemented their position as the best vertical to invest in this cycle. What cryptos to buy now? Market-leading memecoins.
Ethereum ($ETH) whales go on a massive selling spree. Are they investing in this memecoin next? This capital rotation looks increasingly likely, and now that memecoins are showing the greatest relative strength, even smart money is joining the party. Time for a deep dive into Galaxy Fox ($GFOX) and how it is gearing up to be the top crypto to invest in this year.
Ethereum ($ETH) Whale Selling Spree Net $39 Million In Profit
Three smart money wallets have been trading $ETH and netting some crazy gains. Last week, $ETH traded above $4,000 for the first time since 2021, and smart money used this opportunity to unload serious clips into the order books. Ethereum has already plummeted more than 16% in the last week.
SpotOnChain reported that three smart traders dumped a combined total of 26,946 $ETH and cumulatively walked away with $39 million. Why are these traders selling? An asset reaching a two-year high is an obvious sign of a local top, and these large investors look to book profits when they appear. Naturally the next question is what project will smart money buy next?
Rampant inflows into the Galaxy Fox presale paint a curious picture. Smart money never misses a trend, and after scoring big on $ETH, these wallets are aggressively bidding small caps.
Galaxy Fox ($GFOX): Smart Money & Memecoin Presales
Galaxy Fox’s presale has soared past $5 million, adding nearly $1 million to its market cap in the last week alone. Smart money diving into this presale is an excellent sign for early investors, and anybody asking themselves what cryptos to buy now should investigate this up-and-coming ICO.
Powered by the GameFi and memecoin narratives, this hybrid protocol has been hailed as a third-generation memecoin. At the center is an addictive Web3 runner game that pays out prizes at the end of each season. NFT holders gain special in-game bonuses, and with a portion of any in-game spend rolled into the next prize pool, a nice flywheel between user participation and prize pool size should be established quickly. Beyond this game, Galaxy Fox provides a wealth of earning opportunities and its tokenomics model is drawing smart money into this presale.
Buying a memecoin during its presale when people call for the memecoin supercycle is a no-brainer. Add into the mix Galaxy Fox’s token burn and staking rewards allowing users to earn yield on a token with a falling supply, and $GFOX jumps into the top 5 cryptos to invest in this cycle.
Closing Thoughts: Whales Investing in $GFOX Next?
Smart money is rapidly rotating its profits away from majors and into small caps. Most investors are too scared to ask what cryptos to buy now fearing further downside. More sophisticated investors are doing the exact opposite and buying aggressively.
Joining the Galaxy Fox presale is a great opportunity for anybody looking to add horsepower to their portfolio. Launching soon and set to deliver a massive price discovery phase, this project should be on your watchlist. Become an early adopter in this exciting journey today.
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