# Pullix (PLX) Navigates Market Instability as ERC-404 Tokens Plunge

## Summary:
As the world of cryptocurrency experiences surges and dips, the ERC-404 token ecosystem encounters a substantial decline, with PANDORA, DEFROGS, and RUG suffering double-digit losses. Conversely, Pullix (PLX) inches closer to its hybrid exchange launch, with the PLX presale surpassing $5.3 million.

## ERC-404 Tokens Plummet While Pullix (PLX) Gains Traction
ERC-404 tokens, an experimental token standard on the Ethereum blockchain, are designed to enhance liquidity and fractionalization. In the past 24 hours, PANDORA, DEFROGS, RUG, and CRYSTAL have all plummeted by over 20%, with the sector’s market cap witnessing a 37% decrease to $152 million. On the other hand, Pullix (PLX), a new platform, is gearing up for its launch and has received enthusiastic support, with its presale funds exceeding $5.3 million.

## PANDORA Leads the Decline
PANDORA’s price surged past $32k last week, only to plummet by over 50% in the past three days. This decline coincided with the proliferation of Ethereum gas fees, reminiscent of the NFT surge during the 2021 bull market, which drove gas fees to an eight-month high.

## Pullix (PLX): The Hybrid Exchange
Pullix (PLX) is a hybrid exchange that promises a seamless trading experience for DeFi traders. Boasting the benefits of both centralized and decentralized exchanges, it will provide access to a wide range of assets without liquidity constraints. Additionally, the platform’s unique profit-sharing model offers an additional passive income opportunity to PLX holders.

## Anticipated 40% Surge for Pullix Token
Pullix has successfully raised over $5.3 million in its presale, indicating growing investor interest. Market analysts predict a potential 40% return for participants in the current presale stage. With the token’s price forecasted to increase 40% from $0.1 to $0.14, Pullix is anticipated to emerge as a highly profitable investment opportunity.

To learn more about Pullix or participate in the presale, visit their [website](https://pullix.io/?utm_source=Coinjournal&utm_medium=PR&utm_campaign=1934).

*FAQ*

## What is Pullix (PLX)?
Pullix (PLX) is a new hybrid exchange that offers traders access to various assets without liquidity constraints. It combines the best features of centralized and decentralized exchanges, offering a seamless trading experience.

## Why have ERC-404 tokens experienced a decline?
The experimental token standard on the Ethereum blockchain, ERC-404, has seen a significant decline, with tokens such as PANDORA, DEFROGS, RUG, and CRYSTAL plummeting by over 20% in the past 24 hours. This decline is attributed to various factors including market volatility and Ethereum gas fees reaching eight-month highs.

## What is the current status of Pullix’s presale?
Pullix’s presale has surpassed $5.3 million and has reached stage 7. It is set to progress to the final stage 8, where the price is expected to surge from $0.1 to $0.14, potentially offering a 40% return for participants.