Dogecoin (DOGE) and Shiba Inu (SHIB) are the two top meme coins in the crypto market, and recent data suggest that their whales are dumping their tokens for more profitable ventures.
Both tokens have been unimpressive on low timeframes, but the midweek dip was the holders’ final straw. One likely destination for the whales is a new Ethereum DeFi trading project.
Dogecoin Long Positions Shut Down in Mass Liquidation
When trading opened on Monday, the meme coin sector had a bullish outlook. Bitcoin struck gold and trended upwards, taking up Dogecoin and most of the meme coins.
If you have been in the crypto market long enough, you’d be familiar with the strong relationship between Bitcoin’s price movements, Dogecoin, and the meme coin sector.
Since the meme coin spike on Monday was not based on developments or increased buy pressure, the BTC dip midweek suddenly exposed the DOGE price.
Dogecoin is trading 7.8% under in the past 24 hours, and the dip is expected to get even worse. Holders liquidated $4.9 million worth of DOGE tokens from the futures markets, and the pioneer meme coin couldn’t be in a worse state currently.
Shiba Inu Whales Redistribute SHIB Tokens
The SHIB whales are fed up with the current state of the altcoin price, as Shiba Inu has declined this month. Analysts predicted a stellar month for Shiba Inu, one to recover the losses incurred in June, but they have proven wrong in less than four days.
Shiba Inu’s losses in the past 24 hours can be linked to the Bitcoin dip on Wednesday, although the whales migrating off the ecosystem have added to the compounding losses.
Like Dogecoin, the whales are fed up with Shiba Inu’s back-and-forth price movements and are off to better platforms. Unlike Dogecoin, the retail traders have picked up some of the whales’ holdings, so there might be some hope for the SHIB price.
Shiba Inu’s price is at 7% and 8% losses in the daily and weekly time frames, but certain technical indicators still point to a likelihood of an SHIB rally.
A new DeFi trading project combining cutting-edge technology with massive ROI from its presale is just a short distance from Shiba Inu and on the Ethereum network. RCO Finance is coming on board.
Get Your Trading Started with RCO Finance Today!
Crypto traders stand to benefit most from RCO Finance, and rightly so. Few projects offer contemporary trading features, and RCO Finance ensures all traders get the full crypto experience on its platform.
That seamless trading journey starts with the Robo Advisor, RCO Finance’s solution for market analysis and virtual trading assistance. With the Robo Advisor on board, every crypto trader can access market data on any trading pair and get real-time market insights to make informed decisions.
For instance, invest in a trending stock because it’s all over the news. The Robo Advisor could advise you against it and suggest better options because the trending stock has peaked and is declining. Such is the power of the Robo Advisor.
RCO Finance also offers users a diverse range of trading assets. While other trading platforms might make diversification difficult, with RCO Finance, you’re spoiled for investment choices.
You have about 120,000 options to stock your portfolio with shares, bonds, Forex pairs, and ETFs.
With all that access to market instruments comes unrestricted access to the global trading sector. It’s decentralized finance on RCO Finance, and you can trade in any market worldwide, regardless of your location.
Lots of Profits and Value on RCO Finance
RCO Finance offers the best trading experience in the crypto verse, and traders will be drawn to it. AI tools, limitless asset options, and unrestricted market access—it’s the world at your fingertips, facilitated by RCOF.
New traders will also find the RCO Finance platform exciting, as its user interface is user-friendly and easy to use. The lending and borrowing option offers users capital for trading at very low interest rates.
The only way to access those gains is through the presale. Investing is also gaining, as RCOF tokens target a 3000% ROI from the presale period. In other words, you can turn $100 into $3,000 in no time.
Get your RCOF tokens at $0.0127 each today, and get ready for a series of token spikes post-launch. The trading future is here, and early crypto investors are projected to make massive returns on this token.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
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