The crypto market may be down quite a bit at the moment, with most tokens struggling to get past resistance levels. However, as always, there are some tokens that are outliers, beating the market when they see a project that they think deserves their capital.
Until recently, that token appeared to be Shiba In (SHIB). The meme coin has been a mainstay in the market since it first arrived and it has given its bigger brother Dogecoin (DOGE) a run for its money. The project has outlined new developments and released new features, which is why it attracted so many whales.
However, whales are now turning away from the token after having purchased hundreds of thousands of dollars of the SHIB token in the past few weeks. Now, they’re turning to other tokens, which will of course influence the market and perhaps change the tide of where smaller investors put their money.
Whales are Turning to Tokens like IMPT, DOGE, and SOL
It’s easy to see that whales are changing direction by looking at the numbers. Whalestats shows that the volume and net flow from whale addresses with respect to Shiba Inu has dropped noticeably in the past 24 hours. It could be that they feel that their capital is better allocated elsewhere, and that is readily apparent in the activity that is taking place across other coins.
IMPT is a carbon credits platform with features like a Green NFT marketplace.
Among those coins is IMPT, which stands out from the two other tokens that big holders are flocking to, DOGE and SOL because IMPT is a token that is actually in its presale. DOGE and SOL are also well-known, so it’s understandable why they would be considering those tokens.
But it’s also the case that these wallets want to get in on IMPT during the presale to get the token at the lowest price possible. The IMPT presale is currently in its first stage where 600 million tokens are available, with 1 IMPT token priced at $0.018. The second presale will see 660 million tokens sold at $0.023, while the final presale will have 540 million tokens sold at $0.028.
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? https://t.co/ZMMXFM4SMW#climatechange #blockchain #presale #investment pic.twitter.com/0IfTfl2ICB— IMPT.io (@IMPT_token) October 13, 2022
IMPT may also be attracting whales because of the fact that it is actually working on a good cause. The project is building a carbon credits platform that allows stakeholders to offset their carbon footprints by purchasing carbon credits. 1 carbon credit is equivalent to 1 ton of carbon output. These carbon credits can be burnt, for which the user receives an NFT – which can then be sold on IMPT’s green NFT marketplace.
The project is actively encouraging environmentally-conscious behavior, and that includes a shopping platform where users can earn IMPT tokens, a social platform that tracks scores, and the ability to support hundreds of environmental projects.
Dogecoin and Solana are also hot picks for whales by the looks of it. The average DOGE balance when it comes to whales has gone up by 2.1%, while the average DOGE holdings have crossed $104,000. SOL is also seeing an uptick in the number of whales purchasing the token.
Whales Looking to Tokens Like IMPT
It’s clear that there is a shift in momentum when it comes to the activity of whales. Tokens like IMPT are proving that the crypto market is moving towards a more eco-friendly and socially conscious sphere – and whales are on board as well. If you want to learn more about the project, check out the IMPT presale and IMPT whitepaper.
Check out the IMPT Presale Here
