Justin Sun Dumps 173M TRX, and Ethena May Liquidate, Have You Heard About Viral Presale Raboo?

Justin Sun, the founder of Tron, one of the top DeFi platforms, has stirred a lot of speculation regarding Tron’s outlook in the market after he sold off a staggering 173 million TRX tokens. Meanwhile, experts are hinting at a potential sell-off of ENA tokens after a significant amount of the altcoin was introduced into the market. 

Regardless of these developments, investors are intrigued by this presale token, Raboo ($RABT), which seems to captivate their attention with its many utilities powered by AI and Social-Fi elements.

Tron price dips after Justin Sun’s massive TRX transfer to Binance

Looking at the technical charts, Tron has been showing some resilience even in the face of bearish market pressure. However, the token seems to have succumbed to the pressure due to Justin Sun’s massive transfer of TRX tokens, as stated earlier. This massive transfer, which was tracked by a blockchain analytic platform called Arkham Intelligence, reportedly went to the Binance crypto exchange platform.

After the huge transfer, TRX declined by 0.56% to a current price of $0.12 within 24 hours. Although Tron’s decline was minimal, it caused investors to doubt Tron’s bullish outlook. However, experts still believe that Tron’s wide adoption, which is proven by its significant number of active addresses, can potentially reverse the downtrend.

ENA unlock: 14.89 million released, price up slightly but experts remain cautious

On June 30th, a whopping 14.89 million ENA tokens were unlocked to circulate in the market; but despite such an amount of ENA tokens unlocked being just 0.92% of the total supply, experts still react with a bearish outlook for ENA.

After the token unlock, ENA surged by just 0.75% to a current price of $0.49, however ENA is still down by over 10% on a weekly chart.  Due to the fact that a token unlock equivalent to or more than 1% of the circulating supply, can have a severe negative impact on the token, experts believe that ENA still risks falling further, potentially triggering investors to liquidate their holdings. 

Raboo: AI-powered meme coin aims for DeFi dominance in $62 Billion market

Raboo is the newcomer aiming to establish itself as one of the top DeFi platforms within the $62 billion meme token market by introducing an AI-powered innovative technology, with which investors can use to transform the industry. It’s also the platform that aims to engage users through a “Post-to-Earn” model that rewards community participation – which is why numerous investors keep asking about it.

One of the interesting things Raboo uses its AI-driven innovative technology for is to enhance its user interaction and content creation, to foster a vibrant community. As for Raboo’s tokenomics, which runs on 1.8 billion $RABT tokens, it is well-structured to support sustainable growth and community engagement.

Currently in Stage 4 of its presale, Raboo’s native token $RABT is priced at $0.0048. Despite the modest current price of $RABT, analysts predict a potential surge in the presale crypto of up to 10,000% once it is listed on the market.

Conclusion

Amid the recent challenges surrounding Tron and ENA, the crypto market appears to have a new contender capturing the attention of investors – Raboo ($RABT). Raboo aims to carve out a dominant position within the meme sector using its innovative AI and Social-Fi technology.

Moreover, analysts predict a staggering 100x surge of the presale token  once it enters the market, where it is expected to become one of the best altcoins to invest in this year.

You can participate in the Raboo presale here:

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