Whales increase their activity by accumulating Shiba Inu (SHIB) and Gnox Token (GNOX)

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Despite the current market downturn, many big names in the crypto world are increasing their holdings. Some think it might be time to “buy the dip”. While no one knows how long this bear market will continue, for whales to increase their holdings of certain coins could be good news for the industry. These whales can afford to wait for short-term variance and hold their coins for long-term gains. And that’s why we’re still bullish on altcoins, the technology behind it, and the possibilities for future use are huge, regardless of weekly fluctuations.

So why are whales increasing their stocks of SHIB and GNOX?

SHIBA INU (SHIB)

SHIBA is probably the best known “meme-corner”. It has been experiencing stratospheric rises over the past year or so. Some market commentators wonder why, as this coin was no doubt built on social media fame rather than real-world usage. But nevertheless, SHIB has managed to remain relatively stable after some losses, compared to other coins that have had huge hits in this bear race.

And SHIBA recently announced rewards for users who want to engrave their parts. Token burns can be useful in helping to limit supply and therefore drive up future prices. Billions of SHIB tokens have already been burned. Will this token consumption and current coin price consolidation lead to even more gains for SHIBA Inu?

Gnox Token (GNOX)

Another token that has increased in demand in recent weeks is GNOX. Gnox is the governance and staking token of the wider Gnox ecosystem, and a lot of people are talking about in the crypto world.

Gnox also plans to burn billions of coins in three presale stages. The presale was recently extended because the demand is very high. Having already increased by more than 52% in price, with some of these price increases due to the involvement of whales, the future looks bright for GNOX in the short and long term.

And Gnox has tons of reasons to get involved beyond short-term price increases. It is the only crypto project that offers yield farming as a service, aiming to democratize investment opportunities and put them in the hands of regular and institutional investors. These investors have often been put off by some of the complications surrounding DeFi investment strategies, but still want to earn good passive income returns. With Gnox, they can.

Whales pick up both SHIB and GNOX for good reason. Could they also be a great addition to your portfolio?

Learn more here:

Join the presale: https://presale.gnox.io/register

Website: https://Gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

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