The $62 billion meme token market is currently witnessing a significant shift amid the relative performance of three meme cryptocurrencies - Shiba Inu (SHIB), PEPE, and Raboo (RABT). Notably, the growth momentum of SHIB, one of the breakout cryptocurrency success stories of 2021, is currently slowing down.
Meanwhile, PEPE, a prominent and widely traded meme token, appears to be eclipsed by Raboo(RABT), an upcoming meme cryptocurrency generating significant buzz in the market due to its outstanding presale journey and several real-world use cases. Let's see why investors should consider Raboo as one of the best altcoins to invest in.
SHIB down 4.16%: 1.08 trillion token deposit by whale shakes market
Shiba Inu (SHIB), though one of the meme cryptocurrencies that rallied incredibly earlier this year, is struggling with the bears in the charts lately, with the price depreciating by 4.16% to the current price of $0.00001718 over the past week. However, the decline was not surprising, as Shiba Inu has experienced a surge in the activity of large token holders, also known as whales.
One of Shiba Inu's recent whale activities was tracked by an on-chain analytical platform, SpotOnChain. On June 25, the platform posted on its Twitter handle that a whale deposited 1.08 trillion SHIB tokens worth approximately $18.12 million into a prominent cryptocurrency exchange. With such a large amount of SHIB tokens introduced into the market, SHIB is expected to keep losing its bullish momentum, as the supply of SHIB tends to surpass its demand.
PEPE price drops as whale activity stirs market uncertainty
PEPE is also among the meme coins that have encountered massive transfers by large-scale token holders recently. PEPE's most recent whale activity was a deposit of 700 billion PEPEtokens, worth $7.8 million, into an exchange. Earlier, the same whale reportedly withdrew 1.653 trillion PEPE from Binance, a crypto exchange at an average price of $0.00001376 per token.
These massive PEPE transactions triggered various market sentiments among investors; one of which hinted at a potential selling pressure in PEPE due to the massive deposit. As for the massive withdrawal, some investors now think that it will reduce the readily available token supply for trading, hence making it harder to buy PEPE, and potentially discouraging new investors and hindering price growth. Meanwhile, PEPE is currently priced at $0.00001242 - a 22.87% decline over the last month.
Experts recommend joining Raboo’s presale for huge post-launch returns
The crypto market has been abuzz with the incredible rise of Raboo, a meme coin that has not only defied expectations but has also left its rivals in the dust. In its ongoing presale, Raboo has raised over $1.8 million and has gotten over 2,500 investors to purchase $RABT tokens, implying that investors now see the presale token as one of the most desirable cryptocurrency assets this year.
Investors are attracted to Raboo mostly due to its seamless integration of cutting-edge artificial intelligence into the meme-creation process. With such innovative technology, Raboo scans the digital landscape, identifying the latest trends, viral content, and user preferences, so that users can create hilarious and highly relevant memes.
The presale of $RABT tokens is still ongoing, with each presale token selling at $0.0048. Experts recommend that investors purchase $RABT at these current prices, as they could potentially witness incredible returns should $RABT value skyrocket by 100 folds post-launch, as predicted.
Conclusion
Shiba Inu and PEPE are plunging from whale activity and market uncertainty, implying that investors need to wait for a favorable time to invest in them.
However, with Raboo generating significant interest in its ongoing presale, and experts advising investors to consider joining the event to potentially reap substantial rewards upon the token's launch, the new meme coin is poised to become one of the best altcoins to invest in.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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