Solana Whale Has Offloaded $99M of SOL This Year, More and More Whales Are Looking Towards A New Altcoin

September 8, 2024
·
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

There's no better time to be alive and witness the dramatic rollercoaster ride in the crypto market than now. Solana was all the rage after its unbelievable surge above $200 from its tear-jerking $8 low. But now, it's looking like the chips fell against SOL. In fact, a SOL whale's offload went past $99M this year as more and more whales cut their losses for new altcoin, Rollblock. This online casino ingenuity has taken the crypto sphere aback with its GambleFi revolution that pulled over $3.2M and more than 13,500 backers in weeks. Here's why this new altcoin has been piquing Solana whales' interest this year.

Solana whale quietly offloads $99M this year. SOL still down 6%

Solana's grace-to-grass story is getting sour as the whales' sell-off heats up. Recently, a major Solana whale, likely an institutional investor, has offloaded $99M worth of Solana throughout the year. Data from LookonChain shows this whale has consistently been selling off their SOL, which is worth over $350M every week since the year started. This puts their current holding at a staggering $250M. Now, many fear that their substantial control may manipulate the SOL price direction.

Another whale, Pump.fun meme coin launch platform, has also continued selling its SOL holdings. A few days ago, Pump.fun sold close to $2M and a total of $42M in SOL. All these have raised concerns about Solana's future and stability. In fact, the SOL price has lost 6% in the past month and has now fallen to $126. Solana's growing decline has pushed more and more whales to seek promising opportunities in new altcoins like Rollblock.

Whales flock to new altcoin, Rollblock online casino in presale

The meme frenzy fizzled out, and so did Solana’s recovery! The whales' exodus is tangible proof that Solana may have lost its light as more and more whales flock to the new altcoin, Rollblock GambleFi token. In the past month alone, this ICO token went an astonishing 150% from its $0.01 first-stage price to $0.025 in stage 6 presales. But why is Rollblock raising the dust?

Well, Rollblock is a fully-fledged, vibrant GambleFi system that aims to capitalize on the half-a-trillion-dollar online casino industry to bring on reinventing gambling and gaming. Rollblock online casino represents a watershed moment in Web3 and casino gaming. It boasts hundreds of immersive and entertaining gaming titles from licensed providers. But its first-of-its-kind cutting-edge DeFi-backed AI foundation was the lure for many punters.

The allure doesn't end there! Rollblock is creating as much value as the innovation it aims to offer. The online casino platform offers various passive earning programs with its income-generating new altcoin, RBLK. With the new altcoin, holders can eat big from the revenue share model, staking opportunities, cashback, and even bonuses.

While Solana dwindles, this new altcoin has continued to set presale records after raking over $3.1M from more than 13,500 investors and whales. The potentials are as clear as crystal! Rollblock is going more than 100x, as experts speculated. Its focus on the largest pastime industry and ingenious blend with DeFi's $2T market is more than enough to shoot this new altcoin to a billion-dollar valuation.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

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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