Shiba Inu (SHIB) whales trust the meme coin’s potential as exchange withdrawals spike. Meanwhile, RCO Finance (RCOF) and Aave (AAVE) show bullish price movements. We will examine the effect of SHIB holders’ actions on RCOF and SHIB and how crypto enthusiasts can benefit from potential gains.
Shiba Inu Whales Withdraw 653 Billion SHIB From Exchanges
On the first day of August 2024, over 653 billion SHIB were withdrawn from top crypto exchanges. This was the most withdrawals in one day since 1 trillion tokens on July 19th. Actions like this suggest a strong bullish sentiment concerning SHIB among investors. They are holding the token because they believe prices will rise soon.
Consequently, their actions could create scarcity, pushing SHIB’s price up. However, general market sentiment would have to remain positive for this price appreciation.
However, this has yet to be the case. A massive BTC slump has seen SHIB plummet in the short term, losing 31.6% in one week. Analysts say investors’ confidence in SHIB shows that it could still rise to $0.000059.
RCO Finance Is Set For Massive Presale Pump
Large investor confidence in SHIB has spurred interest in RCO Finance. RCO Finance is running its presale and has seen a spike in RCOF token sales over the past two weeks, helping the protocol raise $1.3 million in Stage 1 of the presale.
The presale is in Stage 2, and RCOF is sold for $0.0343. Stage 1 investors have already made a 169% gain, and Stage 2 investors will earn an impressive 1,066% profit when the token launches at $0.40.
However, RCO Finance offers much more than presale gains. It is primarily an AI-powered decentralized trading platform that allows traders to directly trade RWAs, such as stocks, bonds, and commodities, without going through brokers. They will also be able to trade these assets with their crypto assets. Furthermore, the platform offers low fees, up to 50x leverage, and full control of your trading activities.
RCO Finance’s AI robo advisor works with the trading platform to improve the trading experience. This feature utilizes mathematical models to provide data-driven trading insights. These insights help traders invest in the right asset at the right time.
Finally, the no-KYC policy protects users’ privacy and anonymity, while audited smart contracts ensure reliable and secure transactions.
Whale Interest Increases As AAVE Gains 11.8% In 30 Days
A report showed that whale activity on AAVE has spiked in recent weeks. Lookonchain data showed that whales accumulated 58,848 AAVE worth $6.47 million in two days.
Analysts say the whales were attracted by AAVE’s 11.8% pump over the past month. This rise was triggered by a new feature called “fee switch.” The “ fee switch” will share the Aave protocol’s $60 million annual revenue with token holders. As predicted, this update increased the value proposition of holding AAVE, attracting many more holders and investors.
Analysts say the reduced supply caused by whale accumulation could push AAVE to $300 by the end of 2024.
Buy RCOF To Enjoy Multiple Earning Streams
RCOF is RCO Finance’s native token. It has a total supply of 800 million, with 50% allocated to public sale. The remaining tokens are shared between ecosystem development, liquidity/market-making, marketing, private sales, the team, advisors, and ecosystem rewards.
The token is sold for $0.0343, which is Stage 2 of the presale. Stage 2 participants will earn a massive 1,066% profit when the token launches at $0.40. This is one of the earning opportunities RCO Finance offers.
Token holders can also earn by staking their tokens to earn rewards. They can also lend their tokens and earn interest. Furthermore, RCOF holders can use their tokens to provide liquidity for the various trading pairs and earn rewards. Additionally, token holders will get a share of the platform’s revenues as dividends.
Finally, you can enjoy these multiple income streams by purchasing RCOF in the ongoing presale.
For more information about the RCO Finance Presale:
Visit RCO Finance Presale
Join The RCO Finance Community
The post Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise first appeared on BTC Wires.
