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.
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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.
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