Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise

By Clark

Shiba
Inu
(SHIB)
whales
trust
the
meme
coin’s
potential
as
exchange
withdrawals
spike.
Meanwhile,


RCO
Finance
(RCOF)

and
Aave
(AAVE)
show
bullish
price
movements.
We
will
examine
the
effect
of
SHIB
holders’
actions
on
RCOF
and
SHIB
and
how
crypto
enthusiasts
can
benefit
from
potential
gains.

Shiba
Inu
Whales
Withdraw
653
Billion
SHIB
From
Exchanges

On
the
first
day
of
August
2024,
over
653
billion
SHIB
were
withdrawn
from
top
crypto
exchanges.
This
was
the
most
withdrawals
in
one
day
since
1
trillion
tokens
on
July
19th.
Actions
like
this
suggest
a
strong
bullish
sentiment
concerning
SHIB
among
investors.
They
are
holding
the
token
because
they
believe
prices
will
rise
soon. 

Consequently,
their
actions
could
create
scarcity,
pushing
SHIB’s
price
up.
However,
general
market
sentiment
would
have
to
remain
positive
for
this
price
appreciation. 

However,
this
has
yet
to
be
the
case.
A
massive
BTC
slump
has
seen
SHIB
plummet
in
the
short
term,
losing
31.6%
in
one
week.
Analysts
say
investors’
confidence
in
SHIB
shows
that
it
could
still
rise
to
$0.000059. 

RCO
Finance
Is
Set
For
Massive
Presale
Pump

Large
investor
confidence
in
SHIB
has
spurred
interest
in
RCO
Finance.
RCO
Finance
is
running
its
presale
and
has
seen
a
spike
in
RCOF
token
sales
over
the
past
two
weeks,
helping
the
protocol
raise

$1.3
million

in
Stage
1
of
the
presale.  

The
presale
is
in
Stage
2,
and
RCOF
is
sold
for

$0.0343.
Stage
1
investors
have
already
made
a
169%
gain,
and
Stage
2
investors
will
earn
an
impressive
1,066%
profit
when
the
token
launches
at
$0.40. 

However,
RCO
Finance
offers
much
more
than
presale
gains.
It
is
primarily
an
AI-powered
decentralized
trading
platform
that
allows
traders
to
directly
trade
RWAs,
such
as
stocks,
bonds,
and
commodities,
without
going
through
brokers.
They
will
also
be
able
to
trade
these
assets
with
their
crypto
assets.
Furthermore,
the
platform
offers
low
fees,
up
to
50x
leverage,
and
full
control
of
your
trading
activities. 

RCO
Finance’s
AI
robo
advisor
works
with
the
trading
platform
to
improve
the
trading
experience.
This
feature
utilizes
mathematical
models
to
provide
data-driven
trading
insights.
These
insights
help
traders
invest
in
the
right
asset
at
the
right
time. 

Finally,
the
no-KYC
policy
protects
users’
privacy
and
anonymity,
while


audited
smart
contracts

ensure
reliable
and
secure
transactions. 

Whale
Interest
Increases
As
AAVE
Gains
11.8%
In
30
Days

A
report
showed
that
whale
activity
on
AAVE
has
spiked
in
recent
weeks.


Lookonchain
data
showed

that
whales
accumulated
58,848
AAVE
worth
$6.47
million
in
two
days. 

Analysts
say
the
whales
were
attracted
by
AAVE’s
11.8%
pump
over
the
past
month.
This
rise
was
triggered
by
a
new
feature
called
“fee
switch.”
The
“
fee
switch”
will
share
the
Aave
protocol’s
$60
million
annual
revenue
with
token
holders.
As
predicted,
this
update
increased
the
value
proposition
of
holding
AAVE,
attracting
many
more
holders
and
investors. 

Analysts
say
the
reduced
supply
caused
by
whale
accumulation
could
push
AAVE
to
$300
by
the
end
of
2024. 

Buy
RCOF
To
Enjoy
Multiple
Earning
Streams

RCOF
is
RCO
Finance’s
native
token.
It
has
a
total
supply
of
800
million,
with
50%
allocated
to
public
sale.
The
remaining
tokens
are
shared
between
ecosystem
development,
liquidity/market-making,
marketing,
private
sales,
the
team,
advisors,
and
ecosystem
rewards. 

The
token
is
sold
for
$0.0343,
which
is


Stage
2
of
the
presale.

Stage
2
participants
will
earn
a
massive
1,066%
profit
when
the
token
launches
at
$0.40.
This
is
one
of
the
earning
opportunities
RCO
Finance
offers. 

 Token
holders
can
also
earn
by
staking
their
tokens
to
earn
rewards.
They
can
also
lend
their
tokens
and
earn
interest.
Furthermore,
RCOF
holders
can
use
their
tokens
to
provide
liquidity
for
the
various
trading
pairs
and
earn
rewards.
Additionally,
token
holders
will
get
a
share
of
the
platform’s
revenues
as
dividends. 

Finally,
you
can
enjoy
these
multiple
income
streams
by
purchasing
RCOF
in
the
ongoing
presale. 

For
more
information
about
the
RCO
Finance
Presale:

Visit
RCO
Finance
Presale

Join
The
RCO
Finance
Community