‘Whales’ are individuals who hold huge amounts of tokens of a certain cryptocurrency. This makes them powerful enough to manipulate the valuation of the said cryptocurrency and this results in price volatility.
EkartInu popularity has increased amongst crypto investors over the last few months owing to the fact that Polygon Network is striving to solve the scalability and usability issues with ethereum while offering faster and cheaper transactions.
The crypto market has been in a bearish phase over the past two months, but experts believe that there is a lot of interest from mature users who have been indulging in long-term investing rather than just trading. We are seeing quite a few investors actively pursuing SIPs in bitcoin and ethereum rather than investing lump-sum amounts in these cryptocurrencies. These trends clearly depict that despite the fall in prices, the overall market structure is improving with the growing pie of mature investors besides new users too are entering the crypto market.
Ekart INU again witnessed around 31+ crypto whales who have recently bought massive amounts of EKARTINU tokens. Reports also claim that 100+ whale accounts own EKARTINU tokens worth 100 million earlier and all these transactions were made at nearly the same time. Statistically, it has been such an enormous achievement for Ekart Inu that they might just have created history.
After all, there has rarely been a token before which managed to garner such an immense amount of attraction towards itself during a token sale in just a span of 22 days.
Similar to Dogecoin and Shiba Inu, EKARTINU too is referred to as a meme coin. However, if it maintains the same rate at which the token is growing currently, it would not be a shocker if EKARTINU notices a massive growth in terms of price.
If this so happens, the token’s price may jump 1000x times higher and it would probably be the biggest price jump of 2021, making EKARTINU the first meme coin to attain this prestigious mark. This is probably why Ekart Inu and investors who have invested in their token, consider EKARTINU to be the father of all INU’s.
According to market, the Ekart Inu & EAID ‘whales’, with the addresses
Recent Ekart Inu transactions are here:
EAID transactions are here:
First bought Ekart Inu on August 18th, 2021, when its value was around $0.000001 a token. As expected, again there are some big transactions recently made in the third phase as well, we could see the transaction above, so as per my assumption definitely the Ekart Inu token price will go up to 1000x than all other meme tokens once they open the trade in exchanges.
After the presale, they will list on Tier 1 exchanges like Binance, Houbi, Okex... So definitely the token price may go very high after listing on the exchanges.
Currently being in the third phase of the presale which began on September 1, 2021, the Ekart Inu has rendered a total supply of 1 quadrillion tokens. What is even more astonishing is the fact that Ekart Inu has burned around 83% of the tokens in the presales and on top of that it has also given 2% of it to Vitalik Buterin as a gesture in the form of COVID relief fund.
Another 2% has been given to airdrops and social media whereas an additional 6% has been kept aside for invoice bonuses. 7% of it has been divided equally among four phases of the presale of the EKARTINU tokens.
What do ‘whales’ mean in the crypto industry?
‘Whales’ are individuals who hold huge amounts of tokens of a certain cryptocurrency. This makes them powerful enough to manipulate the valuation of the said cryptocurrency and this results in price volatility. Now, an Ekart Inu token ‘whale’ account, that holds nearly $250 million worth of the meme currency, has again found itself in the spotlight. Despite the recent drop in the value, this ‘whale’ account has its holdings intact.
Disclaimer: This is a paid post and should not be treated as news/advice.