The Rise of Agility: Two Whales Pledge More Than $116 Million in Cryptocurrencies

04/17/2023 11:42 • Tech Ticker • 155 views

On April 17th, according to Lookonchain monitoring, two giant whale addresses pledged 29073 stETHs (worth approximately $60.7 million) and 26550 Ethereum (worth approximately $55.4 million) to the LSD token liquidity agreement Agility. The address starting with 0x3f34 pledged 18694 STETHs and 11550 Ethereum, while czsamsun. eth pledged 10379 STETHs and 15000 Ethereum. According to the official website, the current total lockdown value of Agility is approximately $339.5 million.

Two giant whale addresses pledged nearly 30000 stETHs to Agility

Introduction

On April 17th, a significant movement was detected on the Lookonchain platform. Two giant whale addresses pledged an enormous sum of $116 million in cryptocurrencies to the liquidity agreement of LSD token dubbed Agility. This development has left many cryptocurrency enthusiasts wondering about the significance of this move and the possible impact it could have on the crypto market. In this article, we will explore what Agility is, who the whales are, and what this means for the crypto market.

What is Agility?

Agility is a decentralized virtual currency launched in early 2021. It operates under the Liquidity Dividend Protocol, which is an improvement of the Liquidity Generation Event (LGE). Agility uses a mechanism known as the bonding curve to determine its price, which is affected by demand and supply in the marketplace. This mechanism allows for a more stable price than regular virtual currencies that rely on demand and supply only.
The Liquidity Dividend Protocol rewards anyone who provides liquidity to the liquidity pool with Agility tokens. The system automatically distributes tokens to liquidity providers each week, proportional to their share in the pool. This means the more liquidity one provides, the more tokens they receive. With this model, Agility aims to encourage long-term staking, which would ensure stability in the price of the token.

The Giant Whale Addresses

On April 17th, two giant whale addresses pledged a total of $116 million cryptocurrencies to Agility’s liquidity agreement. The address starting with 0x3f34 pledged 18694 STETHs (worth approximately $39 million) and 11550 Ethereum (worth approximately $24 million), while czsamsun.eth pledged 10379 STETHs (worth approximately $21.7 million) and 15000 Ethereum (worth approximately $31.4 million).
These massive investments have brought Agility’s total locked-in value to approximately $339.5 million, a significant milestone for the platform.

The Possible Impact of This Move

The influx of such a huge investment amount into Agility is bound to have an impact on the cryptocurrency market. It is likely that it will attract more investors and increase Agility’s value, making it a more profitable investment for anyone looking to enter the market.
The fact that the whales have shown confidence in Agility also adds to its credibility and legitimacy, which is crucial in the cryptocurrency market. Additionally, this move is expected to increase the overall liquidity of Agility, which would enhance the token’s stability.

Conclusion

The investment of over $116 million in cryptocurrencies into Agility’s liquidity agreement by two whale addresses is a significant development in the crypto world. It strengthens the credibility and legitimacy of the platform, increases its liquidity and total locked in value, and paves the way for more investors. This move is likely to impact the cryptocurrency market positively and contribute to the growth of the digital assets space.

FAQs

Q: Is Agility a safe investment?
A: Agility is a virtual currency that operates under the Liquidity Dividend Protocol, which provides a more stable price than regular virtual currencies. However, no investment is entirely safe, and caution is advised when investing in cryptocurrencies.
Q: How can I invest in Agility?
A: To invest in Agility, you will need to purchase Ethereum or STETH and use them to provide liquidity to the Agility liquidity pool.
Q: Who are the whales that invested in Agility?
A: The two giant whale addresses that invested in Agility are 0x3f34 and czsamsun.eth.

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