Crypto
Ethereum finds itself amidst heavy financial activity. Recently, Trump’s World Liberty Financial invested $130 million in Ethereum. At the same time, Ethereum ETFs in the US have seen outflows totaling $136 million. The number of XRP whale wallets saw a minor fluctuation, peaking at 305 before falling to 299.
Despite mixed signals from the market with some pulling out funds and others significantly investing, Web3Bay is advancing the notion that web3 cryptocurrency extends beyond mere trading to actual ownership.
Unlike typical e-commerce platforms where decisions are made top-down, Web3Bay entrusts its community with control. Following the distribution of all non-team tokens, Web3Bay plans to hand over smart contract ownership, ensuring that no single party, not even Web3Bay itself, can modify the framework. This governance model has resonated widely, evidenced by three rapid presale sell-outs, positioning early token holders for a potential 10,000% return on investment after launch.
Ethereum ETF Witnesses $136M Outflows: What’s Next?
The Ethereum market is currently a battleground of contrasting trends: significant whale purchases are juxtaposed against notable institutional sell-offs. This past week, Trump’s World Liberty Financial made a hefty $130 million investment in Ethereum, acquiring 39,242 ETH at an average price of $3,312 each. Concurrently, the emergence of 13 new major whales—each holding over 10,000 ETH—hints at a trend of heavy accumulation.
Despite these positive signs, U.S.-based Ethereum ETFs saw $136 million siphoned off, primarily driven by withdrawals from Grayscale, Fidelity, and Bitwise. This divergent behavior paints a complex picture, yet Ethereum’s resilience is evident with a 5.07% price increase within a single day, currently standing at $3,196.
Consistency in XRP Whale Activity with 299 Major Wallets Intact
XRP’s recent performance has been impressive, with a nearly 10% increase in the last 24 hours boosting its market capitalization to $181 billion. However, a slight decrease in XRP whale activity has been observed, with the count of substantial wallets (holding between 10 million and 100 million XRP) declining from 305 to 299 between January 23-24.
This minor drop suggests a redistribution among holders yet signifies that major investors are still firmly backing XRP, solidifying its long-term appeal. Should this support continue, XRP is poised to challenge the resistance level at $3.28, potentially aiming for higher marks at $3.40 and $3.50.
Web3Bay to Transfer Smart Contract Control to Users After ICO
Most e-commerce platforms operate with a top-down approach, where user input is minimal and decisions are often made out of public view. Web3Bay challenges this traditional structure by shifting governance to its community. This is embedded in its core through the 3BAY token, empowering holders with the ability to propose and vote on key platform developments.
In advancing its commitment to decentralization, Web3Bay will relinquish ownership of its smart contract once all non-team tokens are allocated. This ensures that no single party, including Web3Bay itself, can modify the operational framework. All significant decisions will then be in the hands of token holders, managed through a decentralized autonomous organization (DAO).
This transformative move mitigates risks associated with corporate dominance, biased policy enforcement, or unforeseen service interruptions. Users transition from mere consumers to influential stakeholders actively directing the future of Web3Bay. The enthusiasm for this model is evident, as the presale of this web3 cryptocurrency quickly sold out its initial three stages.
With revenues already exceeding $1 million and over 280 million tokens sold, the trajectory only points upward. As of now, the price per 3BAY token in stage 4 stands at $0.004562625, set to increase to $0.1959 at launch, projecting an ROI of 4,200%. Post-launch, the potential gains could reach up to 10,000%, underscoring the advantage of early participation.
Wrapping Up!
The current trend in the Ethereum ETF indicates a strong commitment from major investors to Ethereum, with its price holding steady at around $3,196. In parallel, XRP, despite experiencing a minor decline in whale activity, has seen a 10% increase in its market cap, suggesting potential resistance testing at $3.28.
Amidst the fluctuations experienced by Ethereum and XRP, Web3Bay is carving a niche in the e-commerce sector. Governed by its 3BAY token holders and with its smart contract ownership set to be renounced post-ICO, Web3Bay promotes a community-driven model.
Currently, in stage 4 of its presale, the 3BAY token is priced attractively at $0.004562625 but will rise to $0.1959 at launch, promising a substantial 4,200% ROI. With projections indicating potential returns of up to 10,000%, securing an early position in this web3 cryptocurrency could be significantly advantageous for investors.
Join Web3Bay Presale Now:
Presale: https://web3bay.io/buy
Website: https://web3bay.io/
Twitter: https://x.com/web3bayofficial
Instagram: https://www.instagram.com/web3bayofficial/
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