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Ripple, one of the largest cryptocurrencies by market cap, is in turmoil again, according to the sponsored content poster. News that an XRP whale has transferred 60 million XRP coins to crypto exchanges has sparked a series of volatile speculations.
One crypto that rose was the BNB price, with the second-largest altcoin by market cap rising last month ahead of more bullish forecasts for the rest of this year.
Here’s why the XRP whale is setting pulses racing across the crypto trading community.
XRP Whale coin dump triggers price flow
This latest Ripple coin dump by the famous XRP whale …Rzn saw around 30 million tokens transferred to Bitstamp and another 30 million to Bitso. These transactions have attracted the attention of the whole world, and speculation that Ripple is dumping throughout the market is gaining momentum.
So, what is the real impact on XRP price? XRP, the 5th largest altcoin by market cap at the time of writing, fell 3.5% last week to $0.5014. This rebound from $0.4898 on May 13, when the worst impact of the XRP whale coin dump was felt, is symptomatic of Ripple’s volatile performance and overall sentiment is pointing downwards.
BNB price signals an uptrend
Unlike the XRP whale incident, BNB price turned green amid news that Binance was taking steps to track down another famous crypto scammer, ZKasino.
After ZKasino scammed an Ethereum smart contract out of approximately 11 thousand ETH, Binance cooperated with European law enforcement to track down the fraudster and help resolve the security fiasco.
As a result, the BNB price increased by 3% overnight, rising relative to the overall market. This showed that fraudsters can be tracked despite the anonymous nature of cryptocurrency. While scams don’t make money, investing in top trending cryptos like BNB can generate profits for investors even during market declines.
Raboo: Not just a meme coin; a crypto revolutionary
According to the sponsored content poster, while the XRP whale is creating additional volatility for Ripple investors and the BNB price is rising in response to ZKasino’s discovery, Raboo, whose future is uncertain, is reportedly emerging as a project that is claimed to be selling fast.
According to the content submitter, Raboo marks a paradigm shift in this fast-growing crypto sector thanks to its unique fusion of AI technology and Social-Fi, which could allegedly make it stand out as a crypto innovator. It is reported that at the heart of Raboo’s unique value proposition is its proprietary Rabooscan tool, which allows users to create new memes with the help of artificial intelligence technology. The project is new and its future is uncertain and there is a risk of investment loss.
Raboo’s crypto presale continues to fly off the shelves at breakneck speed, according to the sponsored content submitter. After launching at $0.003 per token, the coins are now available for sale at $0.0042 and have allegedly raised over $1 million.
Conclusion
As the Ripple price fluctuates following the XRP whale token transfer and the BNB price continues to rise amid market uncertainty, the uncertain future Raboo has launched its new crypto pre-sale before its public launch, according to the sponsored content poster. The unique combination of artificial intelligence and Social-Fi mechanics is claimed to allow users to monetize their content, although there is a risk.
Click to review the Raboo (RABT) token from its official website.
Telegram: https://t.me/RabootokenPortal
Twitter: https://twitter.com/Raboo_Official
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and carry the risk of investment loss. Do your detailed research before making any transaction.