Shiba

Ethereum

PEPE

Shiba Inu

The crypto is grappling with a bearish trend that has plummeted top Ethereum meme coins like PEPE and Shiba Inu (SHIB). As a result, Ethereum whales have started minimizing their exposure to these tokens to embrace<a href="https://rcofinance.com/?utm_source=ethnews&amp;utm_medium=w&amp;utm_campaign=1008" target="_blank" rel="noopener noreferrer nofollow"> RCO Finance (RCOF).</a> This new presale token has showcased the potential to become the next Solana.&nbsp;
What’s driving Ethereum whales to sell PEPE and Shiba Inu and buy RCO Finance (RCOF)? Read on to discover!
<h3 id="strong-pepe-tumbles-5-in-a-week-will-bears-rage-on-strong">PEPE Tumbles 5% in a Week: Will Bears Rage On?</h3>
PEPE has unsuccessfully fought to flip bears over the past week. On September 30, PEPE was changing hands at around $0.00001118. After trading around this level for a day, PEPE tanked on October 1.&nbsp;
This slump came as PEPE mirrored the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> price movement after the leading crypto plummeted to $60,000.&nbsp;
The resulting downtrend saw PEPE trade as low as $0.00000846 on October 3 before correcting upward as Bitcoin started recovering. By October 7, <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> had stabilized at around $0.00001058. This price means PEPE has shed 5% in a week.&nbsp;
Also, PEPE’s 24-hour trading volume is up 73%, indicating that Ethereum whales are actively selling their PEPE holdings to purchase RCO Finance (RCOF), poised to become the next Solana. This selling force will likely trigger further losses.&nbsp;
<h3 id="strong-shiba-inu-plunges-1-in-a-week-is-a-comeback-imminent-strong">Shiba Inu Plunges 1% in a Week: Is a Comeback Imminent?</h3>
Like PEPE, Shiba Inu has also traded bearishly over the past week. On September 30, SHIB was hovering around $0.00001880. Following a day of range-bound trading, Shiba Inu slid on October 1 after Bitcoin plunged to $60,000, taking SHIB and the broader altcoin market along.&nbsp;
Specifically, Shiba Inu traded as low as $0.00001557 on October 3 before starting its recovery journey as Bitcoin climbed. By October 7, Shiba Inu (SHIB) had stabilized at around $0.00001845, which means Shiba Inu has shed 1% in a week.&nbsp;
Furthermore, this price drop coincided with a 64% increase in Shiba Inu’s 24-hour trading volume. This likely indicates Ethereum whales have started selling their SHIB holdings to purchase RCOF, which has emerged as the next Solana.&nbsp;
<h3 id="strong-rcof-s-swift-growth-captures-the-attention-of-ethereum-whales-strong">RCOF’s Swift Growth Captures The Attention Of Ethereum Whales</h3>
As PEPE and Shiba Inu continue bleeding, Ethereum whales are flocking to RCOF, an upcoming presale that has showcased the potential to become the next Solana. RCOF has won over Ethereum whales because its rapidly growing presale promises huge returns for early investors.&nbsp;
By October 7, RCOF was underway with Stage 2 of its presale. Investors can now purchase RCOF at $0.0344. This price offers investors a low entry point, as RCOF is set to launch at $0.4-$0.6.&nbsp;
As such, Stage 2 investors stand to rake in huge returns when RCOF launches on leading exchanges, and more gains are expected.
Furthermore, experts predict that RCOF will go on a 12,000% run in Q4 2024, overshadowing PEPE’s 1,200 surge in 2024. This bullish forecast explains why Ethereum whales are dumping PEPE and Shiba Inu to purchase this altcoin, which has showcased similar growth potential to Solana.&nbsp;
RCOF has also enthralled investors because SolidProof, a leading blockchain security firm, <a href="https://github.com/solidproof/projects/blob/main/2024/RCO%20Finance/SmartContract_Audit_Solidproof_RCOFinance.pdf" target="_blank" rel="noopener noreferrer nofollow">audited</a> its smart contract. This audit verified that RCOF is safe to invest in.&nbsp;
<h3 id="strong-rco-finance-rwa-tokenization-capabilities-poised-to-transform-defi-strong">RCO Finance RWA Tokenization Capabilities Poised To Transform DeFi</h3>
The bearish trend in the crypto market has forced Ethereum whales to change investing tactics by embracing RCO Finance. These savvy investors are flocking to RCO Finance because its AI and blockchain-powered platform offers various avant-garde trading tools, which democratize access to sophisticated investment strategies.&nbsp;
<a href="https://rcofinance.com/?utm_source=ethnews&amp;utm_medium=w&amp;utm_campaign=1008" target="_blank" rel="noopener noreferrer nofollow">RCO Finance’s</a> leading feature is its AI-powered robo advisor, which uses machine learning and algorithms to provide investors with personalized investment suggestions tailored to their financial goals, market preferences, and risk tolerance. These recommendations enable investors to make informed investment decisions.&nbsp;
For instance, investors can use these data-driven insights to know when to enter high-potential positions or exit risky ones.&nbsp;
This approach helps investors avoid investing based on emotions and cognitive biases. Investors who embrace the robo advisor can easily increase their profits.&nbsp;
Also, the robo advisor can complete trades automatically. This functionality enables the robo advisor to seize all market opportunities that match an investor’s preferences.&nbsp;
As such, investors can rest easy knowing the robo advisor works 24/7 to adjust their portfolios for maximum strength and profitability.&nbsp;
Besides its robo advisor, RCO Finance has attracted PEPE, Shiba Inu, Solana, and Ethereum whales because of its real-world asset (RWA) tokenization capabilities.&nbsp;
The RWA tokenization feature exposes crypto investors to assets like real estate, commodities, and art, enabling them to bolster their portfolios.
These revolutionary features explain why you should join RCO Finance and transform your investment experience.&nbsp;
For more information about the RCO Finance Presale:
<a href="https://rcofinance.com/?utm_source=ethnews&amp;utm_medium=w&amp;utm_campaign=1008" target="_blank" rel="noopener noreferrer nofollow">Visit RCO Finance Presale</a>
<a href="https://linktr.ee/rcofinance" target="_blank" rel="noopener noreferrer nofollow">Join The RCO Finance Community</a>
The post <a href="https://www.ethnews.com/ethereum-whales-dump-pepe-and-shiba-inu-to-bet-big-on-the-next-solana-eyes-set-on-a-12000-run/" rel="noopener noreferrer nofollow">Ethereum Whales Dump PEPE and Shiba Inu to Bet Big on the ‘Next Solana,’ Eyes Set on a 12,000% Run</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Ethereum Whales Dump PEPE and Shiba Inu to Bet Big on the ‘Next Solana,’ Eyes Set on a 12,000% Run

Table of Contents

ETHNews

Other articles published on Oct 8, 2024

JPMorgan Analysts Forecast Imminent Bitcoin Rally in Q4 as ‘Uptober’ Gains Momentum

Qubetics Presale Token: Shaping the Future of Web3

Layer3 Announces Its Expansion to Solana, Marking a New Era of Cross-Chain Engagement (8 Oct)

Floki's Valhalla Partners with Esports Giant Alliance

FTX Clears Path to Repay Customers: A $16 Billion Crypto Comeback

Binance Labs’ Recent Investment: What is OpenEden?

Join our free newsletter for daily crypto updates!