Ethereum Whales Acquire 144,000 ETH Amid Bitcoin (BTC) Decline: What’s Next on Their Agenda?
During a recent market downturn, while many retail investors were hastily offloading their cryptocurrency holdings, a market intelligence firm shed light on savvy investors who seized the opportunity to acquire more Ethereum (ETH).
Amidst the chaos, these shrewd investors, often referred to as whales due to their substantial holdings, strategically accumulated ETH at discounted prices. Notably, one such whale, known as 7 Siblings, purchased a significant amount of 56,093 ETH at an average price of $2,300 on August 6. This move was highlighted by blockchain sleuth Lookonchain, who pointed out the transaction in a tweet that emphasized the whale’s $1.57 billion in assets and their quiet acquisition during the market dip.
7 Siblings’ previous claim to fame was narrowly avoiding a $600 million liquidation on MakerDAO in November 2022. However, during the recent market turmoil, the whale resurfaced and made substantial purchases of ETH as its price plummeted, spending $129 million over a 12-hour period as the price dropped to $2,191. Additionally, Lookonchain identified four other whales who also amassed significant amounts of ETH following the price decline.
As Ethereum’s value has started to recover, trading at $2,483 with a 2.68% increase in the past two days, attention has turned to Ethereum-based projects like RCO Finance (RCOF). Experts speculate that the interest in purchasing ETH could potentially lead investors towards projects like RCO Finance.
RCO Finance, a platform operating on the Ethereum blockchain, has been attracting attention from investors, particularly whales, due to its innovative artificial intelligence tool. This AI-powered robo advisor offers users the ability to trade various asset classes seamlessly, bridging the gap between traditional and decentralized finance.
The platform’s robo advisor uses a machine-learning algorithm to assist users in making informed investment decisions by analyzing historical data, market trends, price actions, sentiment, and patterns across different asset categories. Users can directly trade their crypto assets for a wide range of financial instruments available on the platform without the need to convert cryptocurrencies to fiat currency first. Additionally, users can withdraw funds using a globally recognized debit card for real-time spending.
RCO Finance’s appeal to whales lies in its ability to diversify portfolios and maximize profits through trading a vast array of asset classes with reduced trading fees. The platform prioritizes user privacy by being KYC-free and undergoes regular audits by SolidProof to ensure the security of its smart contracts. Furthermore, RCO Finance will operate in compliance with the European Union’s Market in Crypto-Asset (MiCA) regulations to safeguard prospective customers.
While Ethereum’s potential for growth post-market dip is promising, RCOF’s presale presents an even more lucrative opportunity for investors. With a well-structured presale roadmap offering the potential for up to 3,000% profit, early investors have already seen a 169% gain in the current presale stage. The token is currently available at $0.0323 per token in Stage 2 of the presale, with a 40% discount using the code RCOF40. Anticipated to launch between $0.4 and $0.6, investors could potentially see an 18X profit from the current price, making it a compelling opportunity for those looking to capitalize on the crypto market’s growth potential.
