The cryptocurrency Rollbit (RLB) has seen a surge of interest and activity in recent days. According to two influential crypto analysts, whale investors are accumulating RLB tokens, driving up the price.
What you'll learn 👉
Major Whale Purchase Sends Positive Signal
Onchain analytics firm @lookonchain highlighted a large RLB purchase made by whale wallet “cygninae.eth.” According to the tweet, cygninae.eth spent over $1.28 million to acquire 8.5 million RLB tokens at $0.15 each just 12 hours ago.
While cygninae.eth has had some losing crypto trades in the past, this large bet on RLB is being interpreted as a bullish sign of confidence. When major crypto whales make big buys, it often signals upside potential.
Rollbit Fundamentals Look Strong
In his tweet, crypto analyst @hmalviya9 pointed to several factors that make Rollbit’s fundamentals look promising stating that ‘RLB Is Unstoppable’:
- Annual run rate already at $500 million
- Over 15% of total supply to be burned in next 12 months
- Significantly more volume than competitors like Stake
With a fully diluted valuation of only 1.6x the annual run rate, @hmalviya9 argues RLB is fundamentally undervalued right now. The market has room to grow.
RLB Price Jumps 15% in 24 Hours
On the back of accumulating whale interest, RLB has rallied over the past day. The price of RLB is up 15% in the last 24 hours and has risen 28% over the last 7 days.
The recent price action indicates the market is taking notice of Rollbit’s impressive growth and the value being seen by whale investors. More gains may lie ahead.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
