Ethereum

Memecoin

Million

Galaxy Fox

<p>The post <a href="https://coinpedia.org/press-release/trons-justin-sun-bought-41m-in-ethereum-did-he-buy-this-erc-20-memecoin-too/" rel="noopener noreferrer nofollow">Tron’s Justin Sun Just Bought $41 Million in Ethereum — Did He Buy This ERC-20 Memecoin Too?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p><a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=coinpedia&amp;utm_content=96" rel="noopener noreferrer nofollow"></a>While Solana ($SOL) may have stolen the spotlight earlier in this bull market, attention is rapidly refocusing on Ethereum ($ETH) and its ecosystem. It will be the technological bet for institutional investors this cycle, and judging by Bitcoin’s ($BTC) ETF inflows, the $ETH ETF will be a major financial event.<br><br>But still the age old question of <strong>what crypto to buy </strong>remains. Tron’s ($TRX) Justin Sun buys $41 million in Ethereum. No surprise here. Sun has always loved $ETH, but is he buying this ERC-20 memecoin also? A massive surge in presale funding has sparked rumours, and it appears that Justin Sun may have waded into the <a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=coinpedia&amp;utm_content=96" target="_blank" rel="noopener noreferrer nofollow">Galaxy Fox ($GFOX)</a> ICO.</p>
<h2 class="wp-block-heading" id="h-what-is-galaxy-fox-gfox">What is Galaxy Fox ($GFOX)?</h2>
<p>Galaxy Fox is a new ERC-20 token just days away from its retail launch. It is deploying a hybrid model, and investors, potentially even players like Justin Sun, are interested in how it blends a classic memecoin build with a DeFi ecosystem and play-to-earn game.</p>
<p>Memecoins are a winning market segment this cycle. Galaxy Fox’s viral aesthetic, branding, and tokenomics model build on the genre’s classic tropes with a few noteworthy improvements. P2E games are enjoying a revitalization, and Galaxy Fox’s endless runner is no exception. Gaming skills equate to cash in this ecosystem, and this is a global competition.</p>
<p>Its presale funding has put $GFOX on the the map as a top crypto to invest in this cycle after its total raised shot past $3.6 million in several weeks. Building early momentum is vital for ICOs, and those who establish themselves as frontrunners will enjoy a massive surge later this year when liquidity starts to spill over into DeFi. Post $ETH ETF, the wealth effect on-chain will be wild, and expect another DeFi Summer native on Ethereum.<br><br>Galaxy Fox’s memecoin tokenomics model are brilliant, and it takes the typical deflationary angle and supercharges it. As well as a token burn, Galaxy Fox takes a broad, no-net inflationary approach. Staking rewards are a prominent ecosystem feature but are specially funded via the taxation system. This novelty allows $GFOX holders to earn yield on a deflationary asset. And post-launch, the total supply of $GFOX will constantly decline. What crypto to buy? $GFOX presents itself as a killer option.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=coinpedia&amp;utm_content=96" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://lh7-us.googleusercontent.com/fUgNfrmfIseszj32VgMpd-dvzTV8hw8BKzEZsNOLkbVazd6XdrPrdi2iGCwpECF9gaduCG3ZoU7WnBXu2PitSN8nSJAL0L0fo_OWK3Gkc54o54piRNXBMfw-7gw0x40YkmHUrCsUNzKEzT7GTPJE27w" alt="galaxy fox" style="width: 100%;height:auto"></a>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-could-justin-sun-be-buying-gfox"><a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=coinpedia&amp;utm_content=96" rel="noopener noreferrer nofollow"></a>Could Justin Sun Be Buying $GFOX?</h2>
<p>Justin Sun has always been a massive $ETH bull. This is no secret; many of his on-chain wallets have been on a massive spree. His most recent purchase of 17,370 $ETH brings his total to nearly $487 million in the last two weeks. Why has Sun been aggressively purchasing $ETH? It’s likely a bet on the looming ETF.<br><br>If Justin Sun is doubling down on Ethereum, why would he not be exploring options within the ecosystem? Sun has already proven his appetite for memecoins, launching the Coconut Chicken Coin ($CCC) on his Tron network. He has repeatedly bought assets outside the top ten cryptocurrencies, and Sun is passionate about asymmetrical bets. The rapid rise in $GFOX funding suggests that this enormous whale may have already participated.</p>
<h3 class="wp-block-heading" id="h-closing-thoughts-erc-20s-ready-to-rally">Closing Thoughts: ERC-20s Ready To Rally</h3>
<p>Large investors bidding $ETH aggressively means that they have high confidence the ETF will be approved. This event unlocks the eternal TWAP from TradFi and boomers. $ETH’s deflationary angle is going to shine in the coming months. The clear answer for what crypto to buy now is any ERC-20 token.<br><br>Galaxy Fox is leading among its competition, has dual narrative support, and is a growth bomb waiting to explode. Join today and become an early adopter before its retail launch!&nbsp;</p>
<p><strong>Learn more about $GFOX here:</strong></p>
<p><a href="https://galaxyfox.io/?utm_source=web&amp;utm_medium=pr&amp;utm_campaign=coinpedia&amp;utm_content=96" target="_blank" rel="noopener noreferrer nofollow">Visit Galaxy Fox Presale</a> | <a href="https://t.me/galaxyfoxtoken" target="_blank" rel="noopener noreferrer nofollow">Join the Community</a></p>

Tron’s Justin Sun Just Bought $41 Million in Ethereum — Did He Buy This ERC-20 Memecoin Too?

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