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ethereum (eth) has been popular due to the rise of EigenLayer, whose recapitalized asset base now stands at over $3.8 billion. While doing so, the whales increase their Chainlink (LINK) and KangaMoon (KANG) accumulation.
ethereum Rally Grows as EigenLayer Rises
EigenLayer allows investors to earn more interest on their staked eth by “re-staking” it to secure other blockchains.
EigenLayer's total value locked (TVL) rose more than 90% to $3.84 billion last week. The expansion is due to the reopening of deposits and the lifting of participation limits.
Despite this, eth's gains have been marginal in the last week.
Chained Whale Accumulation Explodes
LINK is up 19% in recent weeks, reaching a high of $19.80.
In the midst of this, the whales have been accumulating the token.
Because of this, the top 1% of LINK addresses control almost 925 million tokens.
LINK has resistance around $20. A break above this line could see the token float to $30.
KangaMoon prepares to win in 2024
Kanga Luna Supporters are confident that KANG will outperform Chainlink and ethereum in the next bull cycle.
The platform is building a social finance network (socialfi) that combines play-to-earn (P2E), NFTs, and meme coins into one ecosystem.
KangaMoon rewards community members who participate in challenges and giveaways with cash, KANG, and other digital assets.
SOLIDProof has audited the platform's smart contracts and confirmed that they are secure.
At the current pre-sale stage, KANG is trading at $0.005.
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