Whales Switch to Raboo ($RABT) Amid Decline in Shiba Inu (SHIB) and Ethena (ENA)
The post Whales Switch to Raboo ($RABT) Amid Decline in Shiba Inu (SHIB) and Ethena (ENA) appeared on BitcoinEthereumNews.com.
Recently, the investment appeal of Shiba Inu and Ethena (ENA) has diminished due to their falling values. Large token holders, commonly referred to as whales, are redirecting their investments into a promising AI-enhanced meme coin, Raboo ($RABT). This switch has significantly impacted Raboo’s presale, resulting in over $1.8 million raised from token sales. Explore why Raboo ($RABT) is becoming a favorable alternative crypto investment over Shiba Inu and Ethena. Learn about the recent trends and insights that have contributed to this shift in investor sentiment. Whales Pivot from Ethena Amid Significant Price Drop Ethena, a synthetic dollar protocol on Ethereum designed for a globally accessible dollar-denominated savings instrument, has seen its native token, ENA, suffer considerable losses. Initially, ENA captured whale interest by doubling in price soon after launch. However, recent market behavior suggests a downturn in whale confidence. Mass Withdrawal of SHIB Tokens Sparks Confidence Concerns In June, a notable 2.55 trillion Shiba Inu tokens were withdrawn from various cryptocurrency exchanges. On June 20, Whale Alert documented a massive transfer of 2.2 trillion SHIB from a Robinhood wallet to an anonymous recipient. Another major transaction involved the withdrawal of 353.83 billion SHIB from Binance, tracked by Lookonchain. Experts interpret these withdrawals as an indicator of waning confidence in SHIB, with investors possibly predicting a continued decline in the token’s value and seeking out more promising investment opportunities. Raboo (RABT): The Emerging High-Potential Meme Coin for 2024 TRUSTED BY COINOTAG,Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange! Raboo distinguishes itself from typical meme coins by offering tangible, real-world applications. The project’s engaging features have attracted over 8,000 platform registrations and 2,500 presale token purchases. Unique Post-to-Earn Model Adds Real Value Raboo’s innovative Post-to-Earn model rewards users with $RABT tokens for creating…
Filed under: News - @ June 25, 2024 11:28 am