Whales Market Shatters Records with $23.9M in $JUP Token Pre-Market Trading, Transforming the OTC Trading Infrastructure

Whales Market has emerged as a game-changer, particularly with its recent foray into the pre-market trading of the $JUP token. This innovative platform launched just a month ago and is making waves by posting an impressive $23.9M in volume for the $JUP token's pre-market phase, the largest for this token to date. This achievement underscores a burgeoning demand for such trading infrastructure, which was previously underserved.

The success of the Whales Market can be attributed to its unique approach to over-the-counter (OTC) trading. Traditional OTC markets often involve intermediaries and lack transparency, leading to increased risks. In contrast, the Whales Market leverages smart contracts, ensuring trust and confidence among users. As stated on the Whales Market website, Solana smart contracts on their platforms are audited by PeckShield.This method has proven particularly effective in trading pre-market tokens and points systems used in various crypto projects and decentralized apps (DApps).In just a month since its mainnet launch, the Whales Market has achieved remarkable milestones with Over $300,000 in fees generated, More than $24M in trading volume, and A growing user base exceeding 7,800 participants.

Recently, we have seen a surge in Crypto protocols launching Points system to reward its users with future token launches; grabbing this opportunity, Whales Market has recently introduced trading for Friend.tech points, further enhancing its popularity. Plans are underway to expand this offering to include various Solana points markets, such as Marginfi and Kamino Finance. This expansion demonstrates Whales Market's commitment to diversifying and enriching its trading platform. Whales Market's approach to pre-TGE token allocations and points system trading is revolutionary. The platform's use of smart contracts in these markets enhances security and accessibility, reducing the risk of financial loss due to fraudulent activities.

The ecosystem's native token, $WHALES, currently trades at $0.80 with a market valuation of $80M. Whales Market has introduced a novel revenue-sharing mechanism with the recent $WHALES token staking launch. The platform generates revenue through fees collected across OTC markets, with a substantial 60% distributed to $WHALES stakes. Staking $WHALES tokens yields $xWHALES, a derivative token with dual benefits: revenue sharing and use as collateral in OTC markets.

Whales Market addresses the inherent risks in peer-to-peer cryptocurrency trading by offering a decentralized OTC trading platform. This platform enables secure, direct asset exchanges across multiple blockchains. By locking capital in smart contracts until transaction settlement, Whales Market significantly mitigates the risk of scams and fraud prevalent in traditional P2P methods.

In summary, Whales Market redefines pre-market trading, focusing on security, transparency, and innovation. The platform's growing volume, particularly in the $JUP token market, is a testament to its effectiveness and potential in the ever-evolving world of cryptocurrency trading. As the Whales Market continues to expand and integrate more features, it is poised to become a pivotal player in crypto OTC trading.