A major blockchain foundation has recently made significant moves over the past two days, spending 200,000 USDT to purchase multiple Chinese community tokens in one go. These operations were directed towards four projects: 50,000 USDT was exchanged for 3.7 million Binance Life tokens, another 50,000 USDT was used to acquire 1.3 million Hakeem tokens, 4.83 million Wo Ta Ma Lai tokens, and 4.7 million Laozi tokens. These types of tokens are usually highly popular and have active communities, and the foundation's participation is often seen as a form of recognition for the project's ecosystem. In terms of quantity and amount distribution, the foundation's emphasis on these projects is fairly balanced, with each investment being a standard single amount of 50,000 USDT, reflecting a relatively cautious yet firm strategic layout. This capital flow to community tokens to some extent indicates ongoing interest from large funds in these tokens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
TradFiRefugee
· 01-11 07:52
Really? Is the big foundation serious about this? Investing 2 million dollars into these community coins, just looking at the names is already amazing haha
View OriginalReply0
ZenChainWalker
· 01-11 07:47
Hmm… this token name is awesome, "I'm f***ing coming" hahaha
View OriginalReply0
GateUser-4745f9ce
· 01-11 07:35
This move looks quite solid and well-balanced, evenly distributed. However, these coin names are too fantastical haha.
View OriginalReply0
DegenWhisperer
· 01-11 07:34
The big foundation's move this time is quite interesting; they really dare to go after community tokens.
View OriginalReply0
fren_with_benefits
· 01-11 07:24
Hakimi, this coin name is really well-chosen. The foundation is truly betting on community enthusiasm with this move.
A major blockchain foundation has recently made significant moves over the past two days, spending 200,000 USDT to purchase multiple Chinese community tokens in one go. These operations were directed towards four projects: 50,000 USDT was exchanged for 3.7 million Binance Life tokens, another 50,000 USDT was used to acquire 1.3 million Hakeem tokens, 4.83 million Wo Ta Ma Lai tokens, and 4.7 million Laozi tokens. These types of tokens are usually highly popular and have active communities, and the foundation's participation is often seen as a form of recognition for the project's ecosystem. In terms of quantity and amount distribution, the foundation's emphasis on these projects is fairly balanced, with each investment being a standard single amount of 50,000 USDT, reflecting a relatively cautious yet firm strategic layout. This capital flow to community tokens to some extent indicates ongoing interest from large funds in these tokens.