Recently, we’ve seen crypto whales pulling back from popular tokens like FET and PEPE amid a market dip. While these established coins remain in the red, a new player, Raboo ($RABT), is gaining traction with its presale, drawing interest from keen investors.
Let’s see the reasons behind the shifts in FET and PEPE, and why Raboo is the fastest-growing crypto.
Crypto whales are dumping FET
FET, the token from Fetch.ai, has taken a hit, dropping over 10% in a week. This slump isn’t just about FET, though—it’s part of a bigger picture. With a shaky U.S. stock market, many FET investors are feeling the pressure.
But what really stirred the pot were some big moves by the Fetch.ai Foundation. They transferred 5 million FET tokens, worth about $6.4 million, to a wallet, followed by another 1 million sent to Binance.
These large transactions have spooked investors, leading to more cautious trading and piling up FET reserves on exchanges. It’s a sign that people might be bracing for even more downward pressure on FET’s price.
PEPE price still lagging behind: Whales swim away
Pepe’s been one of the hardest-hit meme coins out there recently, showing some serious declines over the past few days. Despite the current dip, there’s still a glimmer of hope—some think PEPE might bounce back.
That said, it might not happen overnight. The PEPE chart is still facing some major hurdles. One key metric, the Relative Strength Index, is hanging out below the neutral line at 40, which means PEPE is still leaning bearish, even if it’s not completely oversold.
Pepe investors are playing it safe for now, and with the RSI staying low, a big breakout doesn’t seem to be on the cards just yet. While a recovery might be on the horizon, PEPE could be in for a slow climb back up.
Raboo presale surges & raises the bar
We all know that meme coins can be a wild ride—up one day, down the next. Most of them are more about quick gains than long-term potential. But Raboo is flipping the script. This new meme token isn’t just about having fun with internet jokes; it’s blending AI with a solid long-term vision, and it’s already making waves in the crypto world. Don’t be surprised if $RABT soon climbs its way into the top 20.
Even though Raboo is still in its presale, it’s already grabbing attention from investors who typically focus on bigger, more established altcoins.
One thing that sets Raboo apart is its dedication to high-quality memes. While a lot of meme coins have veered off course, focusing more on cashing in during bull runs, Raboo is bringing the fun and creativity back. With $RABT, the memes aren’t just thrown together—they’re top-notch, relatable, and set to raise the standards across the crypto space.
Rabooscan is the AI that will scour the internet for the latest trends and memes, keeping Raboo fresh and in touch with what’s hot. Sure, humans will still have a hand in picking the best content, but Rabooscan will be doing the heavy lifting, so many experts predict $RABT, as the fastest-growing crypto, will 100x as soon as it launches.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
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