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HomePress releaseIs Holding Elluminex A Good Hedge For ETH Holders As Ethereum Foundation...

Is Holding Elluminex A Good Hedge For ETH Holders As Ethereum Foundation Continues To Sell?

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In crypto groups on Telegram and Discord, ETH is often represented disparagingly in emojis for its poor price performance. Although there’s a good chance that Ethereum will pump during this bull run, what if it doesn’t? A new coin in presale called Elluminex could be a good hedge against that possibility. Here’s why.

Ethereum’s Struggles With Price And Confidence

Unlike Bitcoin, Ethereum has so far failed to make a new all-time high in this bull run. The coin is down 30% from its ATH from three years ago of around $4,880.

With that in mind, the community has been less than impressed with the Ethereum Foundation’s continuing sales of ETH. 

On January 20, the blockchain analytics company SpotOnChain revealed the foundation made its second Ethereum sale in 2025, bringing the total amount sold to 200 ETH, which is currently valued at approximately $680,000. While some see this as a good thing – using funds to restructure the Ethereum foundation and blockchain for the better – others feel that it is a sign of a lack of confidence in the coin.

Despite the FUD, many people still believe in the future of Ethereum, due to its huge market share, size, and as the base layer for numerous Layer 2 blockchains. And because of its role in creating and shaping DeFi.

And while gas fees can be incredibly expensive, exceeding $100 at moments of peak congestion, Ethereum is currently still the chain of choice for over half of the projects in web3.

That said, the tide is changing, with Non-EVM chains taking the stage. Like Solana becoming the home of meme coins (even President Trump’s meme coin was launched there), Or because newer blockchains such as TON integrate directly with social apps, they may be the ones to bring mass adoption to crypto. 

And that brings us to our potential Ethereum hedge:

Elluminex Offers Solutions For TON’s DeFi Gap

If Ethereum were to fall out of favor, which blockchains would begin to take its place? As suggested, Solana would be the meme coin contender, and for NFTs as well. TON (The Open Network) could be important because it runs alongside the giant social message app Telegram.

As users transition from web2 to web3, they need familiar ways to do it, such as apps they already use. TON, with Telegram, has already proved its capabilities by attracting well over half a billion users to crypto-based games.

However, there is currently a gap in the market for a comprehensive decentralized exchange, that offers an easy way to bridge money from other blockchains. And there will be a learning gap for many of TON’s new users.

This is the problem being solved by a new project in presale, called Elluminex. They are building a DeFi hub with all those features and more. An AI-powered portfolio tracker will be included to help people make good trading decisions and balance their risk. This will make things easy for new people and those who are too busy to monitor the market constantly.

Another thing that makes Elluminex attractive is that it has an extremely low market cap. Ethereum can only grow by a certain amount due to its very high market cap. But Elluminex, currently on offer at $ 0.06 in the first stage of the resale, has huge amounts of room to grow. Of course, as a new project, the path ahead will take time and face uncertainties.

But the risk-to-reward ratio seems attractive, given the upside potential of Elluminex as the future of DeFi on TON, and works as a good hedge against ETH if it fails to perform.

For more information about Elluminex (ELX) visit the links below:

Website: https://elluminex.com/

Twitter/X: https://x.com/elluminex

Telegram: https://t.me/Elluminex

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Ralf
Ralf
Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: [email protected] Phone: +49 160 92211628
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