Shiba Inu (SHIB) Whale Sparks Bullish Momentum in RCOF and AAVE as Exchange Outflows Increase

Shiba Inu (SHIB) whales are believing in the potential of the meme coin as exchange withdrawals surge. Meanwhile, RCO Finance (RCOF) And Aave (AAVE) is showing bullish price action. We will look at the impact of SHIB holders’ actions on RCOF and SHIB and see how crypto enthusiasts can benefit from potential gains.

Shiba Inu Whale Withdraws 653 Billion SHIB from Exchanges

On August 1, 2024, over 653 billion SHIB were withdrawn from major cryptocurrency exchanges. This was the largest single-day withdrawal since 1 trillion tokens on July 19. This behavior suggests strong bullish sentiment among investors towards SHIB. They are holding the tokens because they believe the price will soon rise.

As a result, their actions can create scarcity, which can drive up the price of SHIB. However, for this price increase to occur, the overall market sentiment must be positive.

But that’s not the case yet. SHIB has been in a short-term slump due to the massive BTC crash, losing 31.6% in a week. Analysts say that this shows that investors’ confidence in SHIB is still high and it can rise to $0.000059.

RCO Finance prepares for massive pre-sale pump

The massive investor confidence in SHIB has generated interest in RCO Finance, which is currently conducting a presale and has seen a surge in RCOF token sales over the past two weeks, helping the protocol raise funds. $1.3 million This is the first stage of pre-sale.

Pre-sale is in Phase 2 and RCOF will be sold as follows: $0.0343Phase 1 investors have already made a 169% return, while Phase 2 investors will see an impressive 1,066% return when the token launches at $0.40.

However, RCO Finance offers much more than pre-sale profits. It is primarily an AI-based decentralized trading platform that allows traders to trade RWAs such as stocks, bonds, and commodities directly without going through a broker. It also allows trading these assets as crypto assets. In addition, the platform offers low fees, up to 50x leverage, and full control over trading activities.

RCO Finance’s AI robo-advisor works with trading platforms to improve trading experience. The feature leverages mathematical models to provide data-driven trading insights. These insights help traders invest in the right assets at the right time.

Finally, KYC policies protect users’ privacy and anonymity. Appreciated Smart Contracts We ensure stable and safe transactions.

Whale Interest Increases as AAVE Gains 11.8% in 30 Days

According to reports, there has been a surge in whale activity in AAVE in recent weeks. Lookonchain data displayed Whales accumulated 58,848 AAVE in two days, which is equivalent to $6.47 million.

Analysts say whales were attracted to AAVE’s 11.8% pump last month. The surge was triggered by a new feature called “fee switch,” which shares the Aave protocol’s annual $60 million revenue with token holders. As expected, this update has increased the value proposition of holding AAVE, attracting more holders and investors.

Analysts say AAVE could hit $300 by the end of 2024 due to reduced supply from whale accumulation.

Buy RCOF to enjoy multiple income streams

RCOF is the native token of RCO Finance. The total supply is 800 million, 50% is allocated to the public sale. The remaining tokens are shared for ecosystem development, liquidity/market making, marketing, private sale, team, advisors, and ecosystem rewards.

The token is sold for $0.0343. Pre-sale phase 2. Phase 2 participants will receive a whopping 1,066% return when the token is launched at $0.40, which is one of the profit opportunities offered by RCO Finance.

Token holders can also stake their tokens to earn rewards. They can also lend their tokens and earn interest. In addition, RCOF holders can use their tokens to provide liquidity to various trading pairs and earn rewards. Token holders also receive a portion of the platform’s profits as dividends.

Finally, you can enjoy these multiple income streams by purchasing RCOF in the ongoing presale.

Here are the details on the RCO Finance presale:

RCO Finance Pre-sale Visit

Join the RCO Finance Community

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