Cronos

USDC

Read

Spot

Rise

<p>The price of Rollbit (RLB) has crashed significantly in the last 24 hours after a major whale dumped their entire holdings <a href="https://x.com/spotonchain/status/1725366825268248969?s=20" target="_blank" rel="nofollow">according</a> to a report from Spot On Chain shared on X (former Twitter) around 6 hours ago. RLB has dropped 13% and is now trading around $0.20.</p> 
<p>The plunge came after whale wallet 0xd08 sold all 6.042 million RLB for 1.26 million USDC. The whale executed this massive sell order in two tranches, first selling 3.8 million RLB around 18 hours ago, followed by another 2.2 million RLB around 15 hours ago. The average selling price was $0.208.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="625" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-1024x625.png" alt="" class="wp-image-379017" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-1024x625.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-767x468.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-1536x937.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-2048x1249.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-574x350.png 574w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428-788x480.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-428.png 1784w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Just one month ago in October, this same wallet purchased the 6 million RLB for 774,000 USDC at an average price of $0.128. By dumping the entirety of their holdings near the all-time high, the whale pocketed a profit of $485,000 – a 62.6% return in just one month.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="626" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-1024x626.png" alt="" class="wp-image-379025" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-1024x626.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-300x184.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-767x469.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-1536x940.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-2048x1253.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-572x350.png 572w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429-788x481.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-429.png 1782w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>This huge amount of selling pressure from a single wallet accelerated the downward move in RLB’s price.</p> 
<p>The RSI indicator on the daily chart is now reading 39, moving towards oversold territory below 30. If the selling pressure subsides and RLB can find a bottom, the oversold conditions could spark a relief bounce. However, caution is still warranted as technical indicators alone do not determine when a bottom is in place after such a swift move down.</p> 
<p>Read also:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/why-qubics-10000-explosion-outperformed-even-solanas-meteoric-rise/" target="_blank">Why QUBIC’s 10,000% Explosion Outperformed Even Solana’s Meteoric Rise</a></li> 
 <li><a href="https://captainaltcoin.com/why-is-pivx-coin-pumping-here-are-reasons-behind-the-160-pump/" target="_blank">Why is PIVX Coin Pumping? Here Are Reasons Behind the 160% Pump</a></li> 
 <li><a href="https://captainaltcoin.com/can-the-cronos-rollercoaster-soar-to-1-00-after-raising-1-5m-is-this-the-next-top-100-crypto/" target="_blank">Can the Cronos Rollercoaster Soar to $1.00? After Raising $1.5M, Is This the Next Top 100 Crypto?</a></li> 
</ul> 
<p>This whale behavior illustrates the dangers of holding smaller cap cryptocurrencies with low liquidity. Single entities with large holdings can significantly influence prices when they decide to unload their stakes. The RLB community will be hoping the worst of the selling pressure is now over, but the technical damage has been done. RLB will likely take some time to repair the breakdown of its parabolic advance if buyers can step in.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/rollbit-price-crashes-after-whale-dumping-but-there-are-good-news-for-rlb-holders/">Rollbit Price Crashes After Whale Dumping, But There Are Good News for RLB Holders</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Rollbit Price Crashes After Whale Dumping, But There Are Good News for RLB Holders

Table of Contents

CaptainAltcoin

Other articles published on Nov 17, 2023

BNB Faces Price Volatility And Encounters Rejection At $256

CoinShares Plans to Acquire Valkyrie’s ETF Unit Known for Bitcoin ETFs!

Republic Selects Avalanche for Launching Profit-Sharing Digital Asset, Expanding Access to Privat...

Abkhazia Intensifies Crackdown on Illegal Crypto Mining

Is the altcoin season here? How to trade small-cap coins amid high volatility

Breaking: Apple Suspends X Ads Following Musk’s Controversial Tweet

Join our free newsletter for daily crypto updates!