As PEPE Drops 10%, Whales Are Scooping Up SHIB and RBLK In Huge Numbers

Pepe, one of the top-performing meme coins last month, has lost some of its gains as investors secure profits after a period of upward price movement. As a result, whales have turned their attention to two altcoins, Shiba Inu and Rollblock, buying large volumes. Let us see why.

Pepe (PEPE) Price Momentum Slows Down

After a long bullish period, the frog-themed coin Pepe (PEPE) has met with bearish pressure, like other top meme coins. It appears bulls have relaxed, and bears have taken over the market. While the value of Pepe dropped by 10%, it is still trading above the 50-day and 200-day SMAs, a sign that a price turnaround could  occur soon.

One factor that supports this recovery is the increase in the total holder count for PEPE. Data from Santiment shows this metric has skyrocketed to a new all-time high of 218k, showing that the number of Pepe holders is rising. In terms of price forecast, The value of Pepe could soar to new highs in the coming weeks if bulls regain control of the market.

Shiba Inu (SHIB) Set To Hit New Record High: Analyst

Shiba Inu (SHIB), one of the top meme coins in the market, is getting prepared to hit a new high. While the memecoin which has been trading in the red region, industry experts believe the Dogecoin killer will produce a massive price rally soon.

One of such experts is a user called Mags on X. The analyst posted a chart that showed the price of the meme coin rising to a new all-time high of $0.00014 by September this year. Mags also told investors that this is the best time to buy Shiba Inu before its upward ward movement begins. This is why whales are buying large amounts of SHIB coins.

Rollblock (RBLK): The Best Crypto Investment for Whale and Retail Investors 

Shiba Inu is not the only altcoin that whales are buying in large numbers. They are also buying another coin called Rollblock (RBLK). Rollblock has a native token called RBLK, which is used in a multitude of ways within their GambleFi ecosystem. After rising by 40% from the first stage of its presale, RBLK is now worth $0.014 in the third phase of its presale, with further increases expected soon.

Analysts’ 500% price prediction for this altcoin is the reason for the ongoing whale accumulation. Also, Rollblock’s GambleFi protocol is set to leave the $450bn a year gambling industry shaking in its boots. Rollblock has launched a gambling ecosystem where you can place bets on live casino games and win money. The live casino is the first thing that will differentiate Rollblock from the other ordinary online gaming platforms out there, as users are not required to KYC when signing up.

This casino enables users to bet using cryptocurrencies such as Bitcoin, Dogecoin, Ethereum, and more. It is secure and very fast to use because Rollblock incorporates blockchain technology. Also, Rollblock differentiates itself from other cryptocurrency projects as well as traditional gambling companies due to its unique revenue-sharing system.

The protocol aims to significantly increase the returns for investors by dedicating a part of its weekly revenue to repurchasing RBLK tokens from the market. This could add huge weekly buying pressure on the charts. Half of these bought tokens will then be permanently ‘burned,’ reducing the overall supply and the other half is used in staking rewards meaning Rollblock can offer some of the best crypto investments for passive income.

Conclusion

The price of Pepe coin had dropped by 10% due to profit taking by investors. Meanwhile, whales have taken an interest in Shiba Inu and Rollblock. They have accumulated large numbers of the tokens in anticipation of a price pump in the coming weeks.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

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