China is injecting billions to pump its stock market

This could bring a lot of hype to Chinese narrative tokens

🔶 A week ago, China announced to inject around $280B in liquidity to pump its stock market. 

🔶 This resulted in the biggest weekly candle since 2008.

🔶 As we know, the crypto prices follow liquidity, so tokens related to Chinese narrative could pump next.

🔶 Now, let's start with the 5 tokens that have the highest chance of making big moves.

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1) @Conflux ( $CFX)

🔶Open protocol for a new world of DApps, finance and Web 3.0

🔶 Partnered with China Telecom, Alibaba Cloud, Little Red Book, and BlockBooster

🔶 Pumps big during Chinese narrative

Stats

▶️ Market Cap: $821 Million

▶️ Circulating Supply: 4.53 Billion

▶️ Total Supply: 5.05 Billion

▶️ Fully Diluted Valuation: $916 Million

2) Peipei ( $PEIPEI)

🔶 Memecoin on Ethereum based on Matt Furies famous "Pepe The Frog"

🔶 Called "Chinese Pepe"

🔶 Listed on Gate, MEXC etc.

Stats

▶️ Market Cap: $69.5 Million

▶️ Circulating Supply: 411 Trillion

▶️ Total Holders: 42,000

▶️ Also, 17.6% of $PEIPEI supply is held by $PEPE holders

3) Alchemy Pay ( $ACH)

🔶 Payment solutions provider that connects fiat and global economies

🔶 Founder origins are from China, partnered with the Conflux Network

🔶 Have partnerships with Binance, Huobi etc.

Stats

▶️ Market Cap: $156 Million

▶️ Circulating Supply: 8.18 Billion

▶️ Total Supply: 10 Billion

▶️ Fully Diluted Valuation: $191 Million

4) Mantle ( $MNT)

🔶 L2 technology stack for scaling Ethereum

🔶 Launched by Bybit founder who is from China

🔶 Treasury is worth $2.7B, even higher than MCap

Stats

▶️ Market Cap: $1.97 Billion

▶️ Circulating Supply: 3.26 Billion

▶️ Total Supply: 6.219 Billion

▶️ Fully Diluted Valuation: $3.74 Billion

5) Immutable ( $IMX)

🔶 1st L2 scaling solution for NFTs on Ethereum

🔶 Backed by Tencent, one of the biggest Chinese tech companies

🔶 Raised over $322 Million

Stats

▶️ Market Cap: $2.5 Billion

▶️ Circulating Supply: 1.605 Billion

▶️ Total Supply: 2 Billion

▶️ Fully Diluted Valuation: $3.11 Billion

That's the wrap!

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