Uniglo (GLO) Presale Manages to Get The Attention of Both Ethereum (ETH) and Binance Smart Chain (BNB) Whales. Here’s Why

Whales are on the move again. This time they are eyeing a newcomer in cryptocurrency – Uniglo (GLO). With its unique Ultra-Burn Mechanism and multi-asset-backed treasury, Uniglo is catching the attention of crypto investment giants with holdings in well-established tokens such as Ethereum (ETH) and Binance Smart Chain (BNB).

Uniglo (GLO)

This new protocol started the first phase of presale last 15th of July, and it has been busy ever since. Uniglo is a community-based project that aims to provide stable asset backing for its token GLO. The perspective of its developers is over the long term, taking advantage of the opportunity to digitize real-world collectibles such as high-end watches, fine wine, and gold.

This DeFi project applies a hyper-deflationary token model that drives the scarcity of the GLO token. This strategy attracts whales who want to own tokens with a strong asset foundation and an established plan for securing the value and growth of the native currency.

Ethereum (ETH)

Ethereum whales are interested in digital assets that will complement their ETH holding. Ethereum is, of course, the second biggest crypto in the world. Despite the rise of direct competition, it continues to attract developers and users. And it has strong potential for growth and expansion. As Uniglo is built on Ethereum, investors who accumulate GLO today could benefit from the protocol’s development as well as the advancements on Ethereum.

Binance Smart Chain (BNB)

Uniglo will not be limited to Ethereum. It will create community vaults for its asset holding across Binance Smart Chain and Polygon and Solana. Hence, BNB whales are also peering into Uniglo. Binance Smart Chain’s biggest whales also hold ETH, Bitcoin, and other major altcoins. Naturally, as Ethereum whales lock in on Uniglo, so will many Binance Smart Chain whales.

Large investors are particularly keen on putting their money in tokens with a growth horizon, as BNB has been volatile over the past year. After scanning the market for a solid mid-year investment to mitigate the price fluctuations in this bear market, BNB whales have landed on Uniglo.

Final takeaway

Whales are serious about putting their wealth in places with further growth and gains. They typically put their money to work in popular cryptos with a track record of performance and yields. But now and then, whales find a crypto novice they know is worthy of support and will bring them benefits.