FTX’s 178K SOL Unlock Fuels Investor Shift to Toncoin, Lunex

FTX’s release of 178K SOL ignites sell-off apprehensions, leading investors to pivot towards Toncoin and Lunex Network, projected to rise by 1800%.

FTX has released 178k SOL tokens, sparking worries about the possible repercussions for Solana’s (SOL) price. Investors are eagerly anticipating a market shift that could lead to a downturn. In the meantime, shrewd investors are redirecting their focus to alternative prospects, specifically targeting Toncoin (TON) and Lunex Network.

Experts have identified these as the top cryptocurrencies to purchase for profit in the upcoming months. They predict that the value of the presale coin, Lunex Network (LNEX), may soar by 1800% before the year’s conclusion, drawing interest from SOL investors.

FTX unlocks 178,631 SOL: Could it instigate a Solana sell-off?

The Solana staking address linked to FTX/Alameda has unlocked an additional 178,631 SOL tokens (valued at $128 million). Data from Solscan indicates that this is not the first instance of such unlocks and transfers from this address.

Approximately 170,000 SOL tokens are redeemed and transferred every 12 to 15 days each month. If a significant portion of the redeemed SOL is traded on exchanges, the price of the altcoin could potentially drop swiftly.

According to information from CoinMarketCap, the price of Solana has risen by 7% on the weekly chart, now trading above the $150 threshold. This bullish momentum is bolstered by SOL’s 14-day RSI, which is currently above 60. The technical indicator enhances the likelihood of short-term profits for Solana crypto.

Toncoin poised for significant growth

Toncoin stands out as one of the top gainers in the crypto market this year, with an impressive 130% year-to-date increase, as reported by CoinMarketCap. However, the Toncoin token is currently experiencing notable volatility.

On a positive note, CryptoQuant Analyst JA Maartun has suggested that this volatility may soon subside. He noted that the Toncoin price has reverted to a low-activity zone.

The analyst emphasized that the Sharpe Ratio Risk Indicator for Toncoin is at a low-risk level for the first time in a year. This trend suggests that cryptocurrency adoption could surge in the weeks ahead.

If demand pressure increases, the value of Toncoin could witness a significant leap in the months to come. Currently, according to TradingView, the coin’s 14-day RSI is below the 50 mark but is gradually climbing. Analysts predict TON may surge towards the $7 level shortly.

Experts recommend Lunex Network as the top cryptocurrency investment this October

Lunex Network has gained recognition as the leading ICO in the market over recent months. The LNEX coin has appreciated by 25% this month, now valued at $0.0015. Analysts predict this token could experience a staggering rise of 1800% before the end of 2024. Notably, investors can rest easy knowing that team tokens will be vested for 24 months to prevent market dumping following the launch.

The liquidity pool for the project will also be secured for the same duration to prevent rug pulls. At its essence, Lunex Network is an innovative non-custodial crypto exchange platform that enables users to swap and trade cryptocurrencies with minimal costs across various blockchains.

However, the core factor defining Lunex’s worth lies in its institutional-grade liquidity. Imagine having the transactional speed and precision of centralized exchanges, while simultaneously reaping the benefits of decentralization. Investors will experience rapid execution without compromising security.

Additionally, Lunex rewards its LNEX token holders with opportunities for passive income, offering an 18% APY if they stake their tokens for 30 days. These holders will also participate in the platform’s revenue sharing.

Toncoin and Lunex Network emerge as a secure refuge for investors

With the Solana coin anticipating the effects of the recent SOL unlock, investors are increasingly turning their attention to Toncoin and Lunex Network. Analysts assert these cryptocurrencies are the best options for investment at present as uncertainty looms over Solana.

For further details, visit the official Lunex Network website or join the online community for the latest updates.