A top 20 Shiba Inu whale has boldly sold $15 million worth of SHIB tokens and invested the proceeds into Retik Finance (RETIK) and Ethereum (ETH) instead. This massive sale and reallocation of funds signal a shift in investor sentiment as confidence in SHIB declines while interest in RETIK and ETH increases.
Shiba Inu Whales Lose Patience
Once an investor favorite, Shiba Inu has struggled in recent months. Plagued by a lack of utility beyond speculation and stagnant development, the self-proclaimed “Dogecoin killer” has disappointed many early backers. The top 20 whale’s sale of $15 million worth of SHIB tokens represents a sharp decline in institutional investment and overall enthusiasm for the formerly hyped meme coin. This declining sentiment can be seen clearly in Shiba Inu’s price action. After hitting an all-time high of $0.000088 in October 2021, SHIB has collapsed by over 85%. Technical analysts expect the brutal SHIB bear market to continue without significant upgrades to its functionality or renewed hype.
Ethereum (ETH) Continues Being Investors Favorite
Ethereum interest and investment continue to accelerate rapidly. As the second largest cryptocurrency and the leading smart contract platform, Ethereum dominates decentralized applications, NFTs, DeFi protocols and more. With the long-awaited “Merge” to proof of stake finally completed in 2022, and subsequent scalability upgrades, Ethereum has solidified itself as the blockchain of choice for builders and investors alike. Upgrades like sharding, slated to launch later this year, will also drastically improve Ethereum’s scalability. By partitioning the blockchain into shards, parallel transaction throughput can be increased exponentially while fees are reduced. The top 20 Shiba Inu whale sees immense value and staying power in Ethereum, choosing to allocate funds into the bluechip protocol over the fading meme coin. This will prove to be a wise move.
Retik Finance: Merging DeFi &TradFi
Most funds from the Shiba Inu sale were funneled into Retik Finance’s ongoing presale for the project’s RETIK token. With cutting-edge products ranging from decentralized debit cards, a non-custodial multi-chain wallet, a seamless crypto payment gateway and AI-based peer-to-peer lending protocol, Retik Finance is building a comprehensive DeFi ecosystem to usher global crypto adoption. RETIK also features a decentralized perpetual futures and options trading platform, allowing for simplified high-leverage trading across various assets. And with powerful backers including CoinGecko and CoinMarketCap listing Retik Finance shortly after launch and a flawless Certik security audit certifying the project’s safety, credibility and staying power are essentially guaranteed, according to analysts. It’s clear why the top 20 Shiba Inu whale chose to invest so heavily into RETIK. Compared to a stagnant meme coin like SHIB with zero real utility, Retik Finance’s impressive array of innovative DeFi solutions has immense practical value and growth potential as cryptocurrencies gradually integrate with traditional finance. The project’s $27 million presale raise also signifies tremendous investor demand. By selling SHIB tokens near the top and reallocating most of the profits into Ethereum and Retik Finance at opportune times, this whale has made a strategically advantageous move that will generate substantial ROI over the years. Those interested in following smart money should pay close attention.
Conclusion
As the appetite for once-popular meme coins like Shiba Inu evaporates among serious crypto investors, platforms and protocols with actual utility, including Ethereum and Retik Finance, are witnessing sustained capital inflow. With groundbreaking DeFi innovations and products attracting users across various niches, Retik Finance shows immense promise. Its ongoing presale presents a unique early investment opportunity in a project destined to thrive long-term.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Source: https://www.cryptopolitan.com/top-20-shiba-inu-whale-sells-15m-shib-buys-retik-finance-retik-and-ethereum-eth-instead/