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.

Markets 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.

Solana to get a new meme coin called Tequila (JULIO)

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: A deep dive

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 on. 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 date.

The Aging phase of Tequila’s roadmap includes listing on tier-1 centralised exchanges and its Tequila-themed parties. Finally, the Bottling phase comprises its Meme utility, the launch of $JULIO on Layer-3, and the creation of Tequila spirit with payments exclusively made in $JULIO.

Tequila is looking to leverage the high interest in meme coins at the moment to launch an exciting project. Thanks to its unique value proposition, Tequila could quickly become one of the leading meme coins on the Solana blockchain.

Read more about the Tequila project here.

Should you buy $JULIO during presale?

The Tequila presale could be the perfect opportunity to buy $JULIO tokens at a discount price. The project is leveraging the high interest in meme coins to become a favourite amongst investors.

Tequila is set to introduce a fresh perspective with its thematic approach and this could gain massive adoption in the market. If it does, early investors would be amongst the top winners in the current bull cycle.

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