A Ripple whale has offloaded 52 million XRP tokens despite a recent price increase, raising investor concerns about future price action. The sale on Bitstamp and Bitso exchanges has coincided with a shift towards an emerging Ethereum DeFi token, RCOF.
What is motivating this shift towards RCOF? Let’s explore the motivations behind the whale’s actions and the potential of RCO Finance.
XRP Whale Sells Massive Amount of Tokens Despite Price Increase
A Ripple whale has continued to dump coins despite the token’s recent price upswing. About 52 million XRP was offloaded to exchanges in the past 24 hours, raising concerns among investors about the Ripple coin’s future price action.
The whale transferred 30.04 million XRP, valued at $14.53 million, to Bitstamp, a Luxembourg-based crypto exchange. Simultaneously, the same whale moved 22.60 million XRP, worth $10.93 million, to Bitso, a Mexico-based exchange. These transactions sparked bearish sentiments among crypto market participants.
Despite the significant selling pressure, XRP’s price soared today, aligning with recent developments. As of writing, XRP is trading at $0.488, marking a 1.26% upswing over the past week. According to Coinmarketcap, the token’s market cap is currently $27.06 billion.
The price upswing also aligns with a recent optimistic announcement for the XRP ledger (XRPL), XRP’s blockchain. Ripple is in talks to introduce a new stablecoin, RLUSD, to stabilize transactions within XRPL. However, the futures OI slipped 1.55%, whereas the derivatives volume jumped 2.90%, painting an uncertain portrait of current market sentiments on the asset.
The RSI continued to move near 38, underlining the presence of downside pressure on the asset. This could mean XRP could witness a turbulent movement ahead. However, should the RSI enter an oversold territory, the Ripple-backed crypto price could witness a significant price rebound ahead.
Experts Believe Ripple Whales Are Investing In The Hottest Ethereum DeFi Token
Amidst Ripple’s price stagnation, analysts say Ripple whales have found an interesting alternative. RCOF is an Ethereum token specifically designed for RCO Finance. But what is the RCO Finance project all about?
RCO Finance is a distinctive DeFi platform on the Ethereum blockchain that enables direct investment in real-world assets through artificial intelligence and machine learning. This integration of advanced technology positions RCO Finance as a groundbreaking project in the DeFi space.
The platform leverages a robo advisor powered by artificial intelligence to deliver market insights and manage portfolios efficiently. Investors can achieve high yields through RCOF staking, access low-interest loans, and utilize up to 50x leverage.
Additionally, there are no KYC requirements, allowing users to seamlessly invest in Spot Bitcoin (BTC) and Ethereum (ETH) ETFs.
RCO Finance also offers automated market makers and advanced trading tools with real-time data, facilitating decentralized derivative trading in options, futures, and swaps. To enhance liquidity and ease of use, users can enjoy the benefits of a globally available debit card and P2P transfers, ensuring fast and secure transactions.
The distribution of RCOF tokens is meticulously planned to mitigate the risk of pump-and-dump schemes. Half of the tokens are made available to the public, while a portion is reserved for liquidity purposes.
The deflationary model, coupled with stage-based presale rounds and smart contract audits, enhances the utility of the Ethereum token and fosters active community engagement.
Unrivaled Gains For All: Invest in RCOF For Lucrative Gains Today!
RCOF is an Ethereum token that offers more than just capital gains; it ensures the platform’s security and reflects the community’s governance and inclusion. The smart contracts facilitating RCO Finance’s operations are audited by Fireblocks, adding an extra layer of trust and reliability.
The first presale of RCOF is currently priced at $0.0127. Sales have exceeded 18 million tokens and continue to grow. This represents an opportune moment to purchase the token, with the potential for investments to increase over 100 times during a bull market.
This innovative Ethereum platform promises significant success and a potential rise of up to 10,000%. Now is the ideal time to join and reap substantial rewards.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.