Whales are Loading Up On This New ICO -- Here's What You Should Know About It

Observing whales on-chain provides very useful market insights. This isn’t possible in TradFi, so crypto investors should be leveraging every advantage they can get their hands on to get ahead of the market: the pre-bull phase.

If you’re wondering what crypto to buy today, consider that whales are loading up on this new ICO: Galaxy Fox ($GFOX). Here’s what you should know about it and why experts call it one of the top 10 cryptos to buy now. A massive bull market waits in 2024, and this ICO could be the 100X gem you need to add to your portfolio today.

What is Galaxy Fox ($GFOX)?

Galaxy Fox is a next-gen memecoin/ P2E hybrid, and whales have already driven the presale well above $400,000. Its memecoin side comes from its viral aesthetic and deflationary tokenomics. The P2E portion is its runner game that pays out prizes to the top 20% of the leaderboard at the end of each season.

The real focus for investors is the eco built around Galaxy Fox. It differs from most classic P2E tokens, which offer a one-dimensional game and nothing more. Galaxy Fox employs its runner game as an interest funnel to onboard users into the eco. Its end goal is to become a widely adopted and recognized token across DeFi.

All elements of the protocol seek to drive participation in the broader eco. The NFT marketplace allows users to trade their NFTs which have the additional advantage of conferring in-game stat boosts. But why the focus on eco activity?

Introducing the buy and sell tax flywheel. Each transaction generates revenue for the Galaxy Fox eco. Investors staking their tokens in the Stargate module receive 2% of these transactions, and these uncapped staking rewards have obviously excited whales. Importantly taxation funding staking payouts leads to no inflation of $GFOX.

The Galaxy Fox Treasury receives 2% of these taxations and uses them to fund marketing efforts, onboarding more users into the eco. A dedicated marketing budget at the height of the bull market can easily draw thousands of users into the eco. This sophisticated business model makes $GFOX an excellent choice for investors asking themselves what crypto to buy today.

Why Whales Are Buying $GFOX

But why are whales bidding $GFOX so aggressively? Whales always search for market inefficiencies. Galaxy Fox’s token burn gives $GFOX a deflationary nature.

The lack of token emissions due to taxation funding staking payouts is another deflationary measure. Finally, the ability to generate yield on this asset with a down-only total supply makes $GFOX a top crypto to invest in for these larger investors.

DeFi possesses nearly no deflationary assets that provide native yield. $GFOX’s ability to deliver this to investors explains why whales have been participating in this presale en masse.

Closing Thoughts: Galaxy Fox Set to 100X in 2024

As the GameFi narrative heats up and speculative appetite increases among market participants- a classic trigger for a memecoin season. Galaxy Fox is poised to enjoy two enormous upwinds. And with a sub $1 million market cap, it could easily be one of 2023’s largest gainers.

Still asking yourself what crypto to buy today? Follow larger investors on-chain and discover how whales become whales. The Galaxy Fox presale allows you to buy $GFOX while still massively undervalued. This inefficiency will close and presale participants will enjoy the spoils as the market re-prices this exciting hybrid. So don’t miss out on this chance. Join the journey today!

Learn more about $GFOX here:

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