Solana Whale’s big bet on AI Meme Coin Raboo is that Toncoin’s price continues to crash.
It's no secret that crypto has the power to move markets. After predictions that tokens like Solana and Toncoin will have a 100x spike this year, one SOL well has made a big bet on new AI crypto Raboo ($RABT). Jump in to find out why.
Solana's price action was not surprising
After recent market turmoil, Solana has been under pressure. Solana still holds its premier position as the 5th most valuable crypto with a whopping $58 billion worth. However, some crypto-wells are frustrated by SOL's lack of value.
Solana, known for its high-speed, low-cost blockchain, saw a dramatic high at the start of the year, rising from about $18 in mid-September 2023 to over $200 in March. Since then, however, it has been largely divided, often dipping as low as $123. According to Bitcoinist , Solana Whale recently dumped nearly $100 million in SOL, with some of that capital allocated to the Raboo AI crypto presale.
Solana still maintains strong fundamentals, continuing to grow in total value locked (TVL), now around $4.6 billion. However, with the prospect of huge profits, it's no wonder that many are attracted to Rabo.
Raboo's AI can 100x crypto.
Rabo is a new project in both the AI crypto and meme coin sectors. Rabo's pre-sale has been a huge success so far, raising more than $2.3 million to fund the development of RaboScan's proprietary device. It is currently trading at $0.0048 at the closing point of the 4th level of the pre-sale, with 173% left to climb. However, experts consider $RABT to be small compared to the potential 100x profit when hitting exchanges.
Rabo uses AI to scrape the latest memes from social media by investors who can create AI-generated memes. These memes can be entered into regular contests for a chance to win big prizes.
Add in a platform where users can monetize their social media feeds, generous rewards, and an exclusive upcoming NFT project that promises lucrative earnings, and it's easy to see why they love CryptoWales Rabo. It has already received dedicated community support and a green light from auditing firm SolidProof, making it a first for the soon-to-explode exchange.
Tonkoin seems to be more perishable
Like Solana, Toncoin has been declining in recent weeks. Tone is a native Open Network symbol closely associated with the Telegram messaging app. While Ton has climbed the ranks in the past few months — now the 10th most valuable with a market cap of $11.8 billion — some of the hype is fading.
While some attribute the arrest of Telegram CEO Pavel Durov as a key reason for the change in sentiment, others argue that a broader pullback and lower technical price factors are coming, such as the rounding seen on Ton's charts.
Regardless of the reason, a ton is down from May's low of $4.89, now at $4.66 and well below June's high of $8.24. With $RABT tokens set to sell off soon amid 100x price predictions, expect tons to continue to decline in the coming weeks.
You can participate in the Raboo presale here.
Telegram: https://t.me/RabootokenPortal
Twitter:
