XRP Experiences Massive Whale Movements, Solana Rides Memecoin Hype, and Raboo Offers Outstanding Low Entry Price

May 25, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Ripple ($XRP) tokens have been seeing a lot of whale activity in the past month, especially with the token seeing some increase in the past weeks. Also, Solana has been in good fortunes frequently, seeing a good increase due to the influx of memecoins launched on the ecosystem. Finally, analysts have uncovered a new memecoin gem offering such a low price that it is considered a steal for the returns it might generate.

This article will explain all 3 news highlights, shining a spotlight on this new token, which could be the most exciting memecoin of 2024.

Xrp whales are making massive moves

In the past week, XRP has seen massive amounts of tokens moved by its origin company, Ripple, to unknown wallets. These whale movements coincided with the token's price increase over the past week. These movements saw 150 million XRP tokens (valued at $75,70,534 at the time of movement) moved to an unknown wallet. 

While the ownership of the recipient wallet was unknown, it wasn't the first time it had received such large amounts of XRP from Ripple's publicly known addresses. For example, on the 24th of April, the wallet received 100 million XRP. With these whale movements becoming a recurrence, the general populace perceives this as Ripple's move to dump on smaller holders due to the recent gains in the market.

While there have been no massive offloads yet, a lot of attention is now being paid to what these large amounts of crypto would be used for. For now, it would be advisable to tread lightly with XRP tokens.

Solana is finding new highs thanks to memecoin hype

It is no longer news that Solana ($SOL) has become one of the major powerhouses for new memecoin launches, with various projects springing up daily. This wild influx of memecoins into the ecosystem has seen an uptick in the price of the native token, $SOL. With the increasing influence of these memecoins, analysts are tipping Solana to surpass its all-time high in this run.

With a 23% increase in the last month, Solana might truly be on a solid run. Currently trading around $187, it is closer to its all-time high ($259.96) than it seems. However, its chances of attaining those lofty heights again are unknown currently.

Raboo offers outstanding low entry price

It's the season of memecoins, and they're springing up by the minute. Which one is here to stay? No one has been able to say definitively. However, analysts are tipping a new diamond in the rough to become the gem of this memecoin craze. Raboo ($RABT) is nurturing a vibrant meme community that rewards its members for their meme creations. Created off the intersection of the AI and memecoin market, Taboo brings a fresh dimension to a seemingly overpopulated crypto niche.

Currently in its presale phase, the token has done a 40% price increase from $0.003 to $0.0042. However, with present indicators, analysts predict the token to have done a 233% increase by the end of its presale.  

Apart from the native token providing value to community members, memecoin enthusiasts can join the project to get rewards for their social media content using the unique Post-to-Earn model. With the combination of the SocialFi, Memefi, and blockchain models, Raboo is easily positioned to be the biggest AI-powered memecoin of 2024. Also, at its current selling price, the token offers holders a great entry with high chances of good returns.

Conclusion

With XRP and Solana offering different narratives, one thing is sure about both: they cannot offer huge upticks due to their larger prices and need for huge capital. However, with tokens like Raboo, you can easily get in and make good returns while joining a community that rewards your activity. 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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