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While retail investors were panic-selling their crypto assets earlier this week, a market intelligence firm has spotlighted smart investors who took advantage of the subsided asset prices to acquire more Ethereum (ETH).
Meanwhile, experts believe the decision to purchase ETH could attract investors to Ethereum-based projects like RCO Finance (RCOF).
Let’s find out what about this new project whales may find enticing.
Whales Buy 144,000 ETH Amid Crypto Dip
Blockchain sleuth Lookonchain has called attention to deep-pocket investors who spent considerable money accumulating ETH during the Bitcoin (BTC) collapse earlier this week.
One whale investor, christened 7 Siblings, reportedly purchased 56,093 ETH at an average price of $2,300 on August 6. Lookonchain brought this transaction to light via a tweet that reads, “While you guys were panic selling due to the market crash, the entity ‘7 Siblings’ with $1.57B assets quietly bought 56,093 ETH ($129M) at the bottom!”
7 Siblings’ initial appearance in the limelight happened in November 2022, when he narrowly evaded a $600 million liquidation on MakerDAO. He re-emerged during the recent market downturn, making his first purchase after Ethereum plummeted to $2,600. He continued buying more ETH even as the price tanked further to $2,191, spending $129 million and a complete 12 hours in the market.
In addition to 7 Siblings, four other whales have accumulated considerable ETH after the price fell, per Lookonchain. A wallet address identified as 0x267e…f91e swapped 101.97 million USDC to 44,653 ETH at $2,284. The Nomad Bridge Blackhat converted 39.75 million DAI to 16,892 ETH at $2,353.
The last two investors bought 16,407 ETH and 10,026 ETH with 37 million USDT and 23.08 million USDC at $2,254 and $2,302, respectively. Since the crash, Ethereum has made advances towards $2,500. The pioneer altcoin trades at $2,483, representing a 2.68% increase in the last two days.
RCO Finance Appeals To Ethereum Whales With Its AI Tool
As Ethereum becomes the center of attraction for whales, a freshly deployed project on its blockchain has also been gaining massive traction, influenced by its artificial intelligence tool. In particular, RCO Finance, a platform for trading numerous asset classes, has taken in investors through its AI-powered robo advisor.
This groundbreaking technology is a game changer in wealth creation and management, aiming to bridge the gap between traditional and decentralized finance.
This decentralized trading platform uses its robo advisor to help users make lucrative investment decisions. Developed with a machine-learning algorithm, the robo advisor helps you develop advanced strategies to capture market opportunities.
It can use historical data, such as past trends, price actions, sentiment, and patterns, to determine the future performance of an asset, be it a stock, a cryptocurrency, a derivative, an exchange-traded fund (ETF), or a real-world asset.
Its remarkable offerings enable users to trade their crypto assets directly for any available financial instruments on the platform without first converting their cryptocurrencies to fiat. Users can withdraw their funds using a globally recognized debit card to spend their profits in real time.
Whales are leaning towards RCO Finance because they can diversify their portfolio and maximize profit by trading any of the 12,500 asset classes it embodies with reduced trading fees.
The platform is KYC-free to ensure user privacy. It is also fully audited, with SolidProof conducting frequent assessments of its smart contract for hidden loopholes. After going live, RCO Finance will run its operations according to the European Union’s Market in Crypto-Asset (MiCA) provisions to protect prospective customers.
RCOF Presale Offers Opportunity For More Gains Than ETH
Although ETH is now on the brink of a rebound following the recent crash, its growth potential is relatively low compared to RCOF’s presale. RCOF has a well-planned presale road map indicating an opportunity to realize up to 3,000% profit.
From this projection, early birds are currently sitting on a 169% gain and anticipate more gains when RCOF enters the next presale stage.
RCOF is currently in Stage 2 of its presale, available at $0.0323 per token. Investors can enjoy a 40% discount on purchases using the code RCOF40. With the token speculated to launch between $0.4 and $0.6, it is possible to flip $100 into $1,800 at launch from the current price, representing an 18X profit.
This is a lifetime opportunity, but it won’t last. So, take advantage of RCOF’s presale now!
For more information about the RCO Finance Presale:
