Smart Money And Dex Traders Re-Accumulate $RLB: Ethereum Whale Continues To Buy

Over the past two days, Smart Money (SM) and Smart Dex Traders (SDTs) have been actively accumulating $RLB.

SM purchased 4.25 million $RLB, valued at $327,100, while SDTs bought 4.23 million $RLB, worth $323,100. As a result, $RLB now ranks among the tokens heavily accumulated by both SM and the top picks of SDTs with favorable entry points.

🚀$RLB – The Re-Accumulation by Smart Money (SM) and Smart Dex Traders (SDTs)

In the past 2 days, SM purchased 4.25M $RLB ($327.1K), while SDTs bought 4.23M $RLB ($323.1K). Currently, $RLB appears in both Tokens Accumulated by SM and Gems of SDTs with Good Entry.

👉 Get a… pic.twitter.com/Wz40rBkWWl

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 28, 2024

One Ethereum whale, in particular, has been consistently accumulating $RLB over the past 10 months, spending more than $12 million on the token. This whale’s activity is tied to @rollbitcom, a cryptocurrency gambling platform where users can place wagers using various popular crypto assets. The whale has spread their $RLB holdings across five separate wallets, all of which are believed to be controlled by the same individual.

This Whale Spent $297,000 Buying More $RLB Tokens 

In just the past week, this whale spent a net $297,000 acquiring more $RLB tokens, further increasing their exposure. Across the five wallets, they now hold more than 3% of the total circulating supply of $RLB.

This Ethereum whale is buying up all your $RLB

Within the past 10 months, this Ethereum whale has spent over $12,000,000 buying @rollbitcom. The crypto-based gambling platform allows players to wager using popular crypto assets. This trader has consistently purchased tangible… pic.twitter.com/wgVzJB2WjK

— DexCheck AI (@DexCheck_io) September 27, 2024

Despite this heavy accumulation, the whale is currently sitting on an unrealized loss of $2.4 million, as the average price of their $RLB purchases is $0.10 per token, while the current price sits below that. Their lowest recorded purchase price was under $0.06 per token. However, this ongoing buying pattern suggests that the whale remains confident in the long-term potential of the asset.

With $RLB continuing to attract both smart money and savvy traders, this trend of re-accumulation signals growing interest, even in the face of temporary unrealized losses.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: moxumbic/123RF // Image Effects by Colorcinch