The recent surge in the price of Inu (INU) token is being attributed to the entrance of big investors, also known as whales, into the crypto market. The token has jumped more than 14% in the few days following announcement that they had engaged with core development teams to help create a stake-to-mine system, which would allow users to access rewards by staking a certain amount of their tokens.
The system would help make mining easier, increase liquidity and reduce the entry barrier for miners, helping to spread the incentive to farm coins among more users. This system also has a number of advantages over traditional mining techniques, as it helps to reduce energy consumption and costs, while also increasing returns in the long run.
The token’s value has also been boosted by news of their recent collaboration with Chainlink, an Ethereum-based protocol that enables smart contracts to securely connect to off-chain data sources. This integration will enable Inu to receive off-chain data from various sources such as financial oracles, allowing users to make more informed decisions regarding their investments.
It appears that the whales are buying into the Inu project and its future potential, which could be driving the recent surge in the price of the token. However, investors should be aware of the risk associated with any asset and undertake their own research before investing.