2023-8-21 14:00 |
Typical of the volatile crypto space, recent news revealed that a crypto whale sold $41 million worth of ETH a few days before the market crashed, losing about $1.7 million. Meanwhile, Borroe Finance ($ROE) sells 2.7 million tokens overnight.
Smart crypto tradeBased on market capitalization, Ether, the second largest crypto, saw a price drop from $1,820 on August 17 to $1,597 the following day, August 18.
On August 18, a Crypto whale deposited 22,341 ETH on the Binance exchange at $1,843 and withdrew about $41.2 million in Tether (USDT). This was days before the market crash. The move was described as a smart one by the blockchain analysis platform, Lookonchain.
It is worth noting that though the whale lost about $1.7 million, he successfully avoided the market crash, which would have cost him about $5 million. Lookonchain predicts that the trader might buy ETH at a lower price in the future. This prediction might be accurate, as Spotonchain, another blockchain analysis platform, revealed that the whale is good at buying low, selling high, and earning big from ETH.
The basic definition of a good trade is buying low and selling high. While this is not what happened for this investor, the investor was, however, able to avoid larger losses because of the way they timed the market. Time will tell whether the whale finds themselves buying ETH again and whether or not they can recoup the money lost.
Entering successful crypto projects early, after due diligence, has seen many crypto investors win big, and this is something that many are hoping will happen for $ROE investors.
$ROE has sold over 40 million tokens in a short time, with close to 3 million tokens being sold overnight following the market dip. There are possible reasons why this is not a surprise for smart crypto investors.
Visit Borroe Presale
Smart crypto investment?It is a known development that Borroe Finance, a new AI-powered Web3 blockchain invoice discounting NFT marketplace that helps Web3 creators get the money they need to keep their businesses running and growing, has its token, $ROE, on presale. What is worthy of attention is the swift success of the presale.
With artificial intelligence and its inventions making the rounds in recent times and crypto firms discovering more ways to apply the technology, AI cryptos might have an advantage over other altcoins.
However, though AI-related crypto, $ROE has more than just a curiosity advantage working for it, as the innovative solutions offered by Borroe Finance speak for themselves.
Web3 is still emerging, and so are Web3 businesses. As with every business, there is a need for funding. However, the uniqueness of Web3 creators and their creations makes them unlikely candidates to qualify for traditional funding.
Borroe aims to leverage different technologies, including AI and blockchain, to create its instant funding model.
The project provides a crowdfunding marketplace to help these Web3 businesses access upfront cash from future recurring revenues like royalties, subscriptions, or management fees. This creates a more equitable and efficient financial ecosystem for the Web3 community.
In addition, $ROE is created as a deflationary token on Polygon, meaning that the token is created with a view to making it a store of value. Holders will have benefits like different incentives, including governance membership and discounted transactions.
Its unique value proposition positions it to disrupt the traditional industry. Still, the goal is made easier to achieve by its team members, its dedication to gaining investors’ trust, and the security measures applied.
Having Maxim Prishchepo and Michael Price as the team heads means that Price uses his experience in creating efficient solutions in fintech and financial services. Prishchepo adds his knowledge of blockchain technology and financial systems to the mix.
With such a team, $ROE is headed for a great ride in the space. It also means that no stone is left unturned when meeting the highest quality assurance level.
Blockchain, and indeed all internet dealings, have a need for investment security and transparency. The completed and passed audit of the Borroe smart contract fulfils this need. The renowned crypto auditing firm, BlockAudit, awarded Borroe Finance a certificate of compliance, adding credence to the project.
Still in the first stage of its 7-stage presale, $ROE has now raised over $400,000. One can only imagine how much would be raised by the seventh stage.
Visit Borroe Presale
The post Whale Dumps 22,341 ETH Before the Market Crashes; 2 million $ROE Tokens Sold Overnight appeared first on BeInCrypto.
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