In recent weeks, HODLers have dumped their favorite coins for the Raboo token, a new AI meme coin with potentials for 100X surge at launch. But nothing prepared the crypto market for the massive dump of Uniswap (UNI) by its hodlers and whales.
Raboo ($RABT), whose presale has raised over $1.7 million so far, has some novel and exciting features and is expected to generate 100X profits for investors when it launches. Could this be why Uniswap holders are jumping ship to the Raboo camp?
Uniswap whales dump UNI tokens in massive sell-off
Although Uniswap has enjoyed some positive price movements in the past weeks, recent turns of events have shown that the Uniswap price is tanking. This may be due to the ongoing legal conflict between SEC and Uniswap, as the massive sell-off by UNI whales was first noticed after the Wells notice issued by SEC to Uniswap. Since then, it has been an unavoidable continuous downward trend for UNI.
A post by Lookchain on X shows a Uniswap whale dumped a jaw-dropping 2.03 million of UNI, which is approximately $20 million, pushing UNI to drop by over 17%. But that’s not all. Other whales have dumped 1.25M of UNI, 432,691 UNI, and six whale wallets dumped $3.16 million worth of UNI over the past months. The massive Uniswap dump likely explains why the market is witnessing a downward trend.
While Uniswap is in its dumping era, a new coin is taking advantage as UNI investors explore other options to make the most of their investments. The $RABT token has been a beneficiary of the mass movements of Uniswap holders, and it promises a 100X increase on its launch day—more good news for the hodlers.
More price falls for Altcoin King, Ethereum
Ethereum price has faced a free fall in the past weeks. This can be attributed to the influence of BTC, which has been in the red for a while now. This possibility is worsened by the constant outflows recorded by BTC in the past month as the Federal Reserve interest rate decision and the release of U.S. inflation data continues to create uncertainty in the market.
Investors no longer accumulate ETH as they used to, signaling a potential downtrend in the ETH price. As the crypto market suggests a bearish momentum on ETH price, the $RABT presale continues to record riveting success. It’s clear why Ethereum (ETH) investors, like many others, are queuing behind the new market favorite.
New AI meme coin, Raboo set to deliver 100x profits
The new AI meme coin Raboo aims to encourage and promote an engaged community of meme enthusiasts by integrating social-fi and artificial intelligence elements so that token holders can compete in fun-filled meme-generating activities to earn rewards and win prizes.
Now, in Stage 4 of its presale, analysts believe that the price of Raboo will grow by 233% during this presale. It’s no surprise why investors are dumping their favorite coins for the AI meme coin.
With $RABT, token holders can win prizes and collect rewards even before launch day. However, the best part is that meme coin enthusiasts can monetize their social media content through the Raboo Post-to-Earn platform.
With Rabooscan, the platform’s generative AI, the Raboo community can enjoy unlimited access to quality memes and meme-worthy content. Raboo is on a mission to redefine and democratize the access, use, and benefits of meme coins, and that explains why the market is talking about them today.
Conclusion
Tipped to become the biggest AI meme coin in 2024, Raboo is already set in the direction of becoming the biggest meme coin.
While Uniswap and Ethereum navigate their bearish price movements, Raboo’s $RABT has been projected to surge to 10,000% once it lists on major exchange platforms.
Raboo is now in Stage 4 of its presale, and you can buy a token for $0.0048.
You can participate in the Raboo presale here:
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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