A Solana (SOL) trader has shocked the crypto market this week by selling 1000 SOL tokens to purchase an Ethereum ICO called WallitIQ (WLTQ) in its first stage sale.
WallitIQ has a presale price of $0.0171 at present and the Solana trader believes this token will soon outperform SOL to register 140x profits for those who invest in it.
The WLTQ Ethereum ICO has emerged as a new favourite amongst traders with many veering to it. The SOL trader has further warned crypto investors that they should hurry and position themselves by adding WallitIQ tokens to their portfolio to make maximum profits out of it.
This crypto trader is renowned for having a large SOL holding along with other altcoins, such that their crypto portfolio is worth $1.4 million. Now, they have let go of 1000 SOL tokens to buy WallitIQ Ethereum ICO at a discounted price of $0.0171.
The crypto whale made this move after SOL registered disappointing price movements in the last few months. Despite Solana making substantial surges in the recent post-Trump win crypto market bullish run, the trader thinks WallitIQ will rake in better profits.
The token has gained considerable reaction in the presale, making it one of the best Ethereum ICOs of 2024. WallitIQ raised more than $660,000 in the first stage of the presale as traders bought $10,000 or higher tranches.
The project speaks of crypto wallets’ evolution as it aims to provide investors with greater control of their digital assets. WallitIQ uses AI and ML algorithms to enhance digital asset management and storage. This is markedly different from other DeFi wallets which suffer security issues and have a tiring technical infrastructure.
However, WallitIQ bypasses these problems with the help of AI which detects issues like unauthorised login attempts and suspicious transaction patterns in real-time. Moreover, it uses biometric authentication like face and fingerprint scanning of the wallet owners to ensure the security of their digital assets.
With the help of AI and machine learning, this DeFi wallet can provide high-yielding investment opportunities by suggesting optimal trading periods for different cryptos. This will help the traders develop asset reallocation strategies.
All these features have made it a bit amongst early holders who have bought high amounts of WallitIQ tokens at the presale to make the most out of it. WallitIQ holders will pay transaction fees directly from their wallets without any crypto conversion and get premium features at their disposal including advanced security options.
This has resulted in many crypto analysts predicting that the token will gain 140x after it is launched, making early adopters reap massive benefits.
At the time of publication, Solana was trading at $213.82, up 0.36% in the last 24 hours while its trading volume went down 24.69% to touch $8.32 billion and the market cap stood at $100.89 billion.