Whales Are Moving Profits From SHIB, PEPE and BONK – Here’s What They Might Be Buying

Over the last month, the meme coin frenzy has taken the market by storm, with Pepe and Bonk boasting triple-digit gains, and Shiba Inu adding several billions to its market cap. 

Many investors have already booked profits from memes and are rotating funds into utility-driven altcoins with arguably better long-term prospects. Stellar (XLM) and Celestia (TIA) have been gaining significant traction as reflected by their steep price increases. A newcomer is also capturing attention with its innovative framework —Lunex Network.

Stellar Consolidates After Explosive Upward Move

Over the last two years, the Stellar chart had basically flatlined, with its price ranging around $0.10. All of a sudden, Stellar exploded in the last week, with XLM experiencing a 6x price multiplier and peaking at $0.63, a level not seen since 2021. After investors began taking profit, Stellar experienced a pullback that saw its price settle at $0.50. In terms of monthly performance, even with the correction accounted for, Stellar boasts a 429% increase that makes it arguably the most profitable play of November, even outperforming popular meme coins such as Shiba Inu, Pepe, and Bonk.

One of the reasons for this Stellar rally is the increased adoption from institutional players. In a post on X, CryptoGeek revealed that American holding company Franklin Templeton has adopted Stellar to move $1.7 trillion in value. Moreover, the Stellar derivatives volume soared to $8.8 billion by 94%, accompanied by a 54% surge in open interest (OI). 

Celestia Finally Breaks Out, What’s Next?

After nearly four months of frustrating ranging action, Celestia finally managed to break above the $5.80 resistance. With a 42% weekly surge, Celestia peaked at $8.30 and is currently consolidating around the $7.67 level. With the highly volatile meme coins such as Pepe and Bonk taking the spotlight, Celestia’s price action lagged behind as investors rode the trend. However, over the last few days, there seems to be a revamped interest in utility-driven projects, with Celestia being among them.

According to crypto analyst and trader McKenna, Celestia is in the middle of a high-timeframe trend reversal that could soon see it reclaim the $12 mark. This trend shift, coupled with the extremely favorable conditions of the market, could soon see Celestia return to its early 2024 all-time high of $20.91.

How Lunex Network Is Changing The DEX Game

Lunex Network is a DeFi protocol that connects isolated blockchains, and through its cutting-edge platform, investors can buy, sell, and swap over 50,000 assets. Simultaneously, they will have the opportunity to earn generous rewards through Lunex Network’s intriguing revenue-sharing model.

Lunex Network prioritizes decentralization and privacy, for this reason, no KYC is required to join the platform. Users just need to select the crypto pair, input the receiving address, and confirm the transaction.

And this is just the tip of the iceberg of all that Lunex Network has to offer. Over 65 RPC nodes will be available for web3 developers for the quick and efficient deployment of highly scalable and interoperable dApps. Institutional clients will be able to integrate a special B2B payment gateway API that will allow them to accept crypto payments and have them seamlessly converted into fiat.  Veteran traders can access advanced trading tools via the Lunex Pro subscription service, which will grant access to special features like cashback bonuses and AML wallet checks.

Over $3 million has been raised during the presale of the native $LNEX token, which currently sells for just $0.0031. Early buyers can expect an estimated 1,800% increase by the end of the event. When taking into consideration everything that Lunex Network brings to the table, post-launch, it could vastly outperform the likes of Bonk and Pepe as the cycle progresses and investors shift their attention toward projects with a real use case.

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com 

Socials: https://linktr.ee/lunexnetwork