In a likely strategic move, whale investors are seizing opportunities during recent market dips, especially in Sui and Bittensor. A new altcoin currently in its presale is also seeing heavy whale investment as its low entry point continues to see large gains. On-chain data reveals substantial whale purchases, reflecting rising confidence and spotlighting these tokens’ potential.
Sui Sees Whale Interest with Strong Layer-1 Performance
Sui, currently priced at $1.87, has managed to maintain its appeal as other Layer-1 tokens face selling pressure. Whale interest in Sui is evident, with on-chain transactions showing big investors capitalizing on price dips to accumulate Sui tokens. Sui’s performance, with its 9.33% increase over the past week, shows its resilience. With developments like the launch of SpringSui, Sui is an attractive asset for whales looking for reliable returns.
Whales Are Eyeing Bittensor’s Dip with Decentralized AI Boom
Whales appear to be capitalizing on Bittensor’s recent dip with the rising demand for decentralized AI technology. The project’s unique approach–building a decentralized, blockchain-based infrastructure specifically for artificial intelligence–has led many to view Bittensor as a promising long-term asset. Although Bittensor’s value has decreased by 16.61% over the last week to $424.58, this hasn’t deterred whales from buying in.
Rollblock’s Presale Goes from Strength to Strength and Whales Want In
As whales wade in on established coins like Sui and Bittensor, they’re also investing in the new GambleFi token Rollblock, currently in stage 7 of its presale and priced at $0.033. Rollblock is an innovation ecosystem built on the Ethereum blockchain. The platform combines a decentralized online casino and upcoming sportsbook with a native token, $RBLK, used for all transactions and wagers.
The ecosystem is attracting both fans of iGaming and crypto investors looking for innovation with their investments. The online casino features over 7,000 online casino games, from traditional table games to new, themed slots by top developers. There’s also a live dealer section for a more authentic casino experience.
In addition to its exciting casino, what’s attracting crypto whales is the unique revenue-sharing model Rollblock is using. Each week, up to 30% of the casino’s revenue is used to buy back used $RBLK tokens to create a highly deflationary environment. This is because 60% of these are burned immediately to increase token scarcity and, therefore, value. The remaining 40% are then redistributed to users in the form of staking rewards and dividends, increasing their ROI further.
Rollblock has already increased in value by over 200% since the start of its presale so it’s no wonder whales are wanting in before its official launch. Already, close to $5 million has been raised from both iGaming fans, retail investors, and whales alike. With this in mind, analysts believe that Rollblock could achieve a 6-figure percentage increase like Bittensor going into 2025.
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