Key takeaways
- Germany still holds more than $2 billion worth of bitcoins.
- Tequila’s presale will commence soon as the project looks to become a leading Solana meme coin.
German government still holds over $2 billion worth of bitcoins
The cryptocurrency market has underperformed over the last seven days, thanks to the movement of bitcoins by the German government and the now-defunct Mt.Gox crypto exchange.
The potential selling pressure saw Bitcoin lose roughly 9% of its value over the last seven days. However, data obtained from Arkham Intelligence revealed that Germany still holds 29,286 BTC worth $2.2 billion.
Germany has been running down its coin stash since mid-June. Further dumping of its bitcoins into the market could negatively affect Bitcoin’s price in the short term.
Tequila (JULIO) to debut as a Solana meme coin
Solana has become home to some of the leading meme coins in the world thanks to the blockchain’s speed, transparency, and other unique qualities.
Tequila is set to become the latest Solana-based meme coin and looks to provide unique utility to investors and traders.
Tequila is Mexico’s gift to the world from the agave fields of Jalisco. Its native token, $JULIO harmonises the unending fun of tequila-fueled nights with the upside of a memecoin.
$JULIO is set to launch on July 10 on the Solana blockchain and distinguishes itself by combining the allure of tequila, one of the world’s most popular distilled liquors, with the excitement of meme coins.
According to their roadmap, there are various stages to the project, including Agave Plating, Distillation, Aging, and Bottling. Each phase contains milestones that the team intends to achieve.
JULIO tokenomics
Tequila is presenting investors with a unique tokenomics. The project seeks to establish a strong foundation within the crypto community and get listed on CoinMarketCap and CoinGecko.
In the distillation stage, $JULIO will be listed on centralised cryptocurrency exchanges. However, the team is yet to reveal the crypto exchanges its token will initially launch. Tequila has a total supply of 100 million tokens, with the project emphasising fairness through a fair launch model. In this model, 90% of tokens are available for public acquisition, with only 10% allocated to marketing. The initial liquidity and starting price will be decided at a later…