Large Cryptocurrency Investor has been Liquidating This Alternative Coin for the Past Two Weeks: Prices Decline Once More
**Cryptocurrency Whale Sells Off Millions of RLB Tokens**
*By [Author’s Name]*
*Published: [Date]*
A large cryptocurrency whale, known by the short address 0x915, has continued its sales today after disposing of its Rollbit (RLB) altcoin assets over the past two weeks.
**Massive Transactions**
In its most recent transaction, the whale sold 13 million RLBs for 2.275 million USDC at an average price of $0.175 per RLB in just 1.5 hours. RLB price is trading at $0.1742 at the time of writing this article. The whale in question disposed of a total of 30.4 million RLB over the past two weeks for 5.536 million USDC, at an average price of $0.182 per RLB. The RLB tokens sold were withdrawn from official Rollbit hot wallets.
**Impact on Market**
Following the sales, the received USDC was quickly deposited to Kraken. The continuous selling wave of the whale has caused a significant impact on the price of RLB. In this selling wave, the price fell as much as 6.3% and has fallen by approximately 33% in the last two weeks. Remarkably, the price tended to fall sharply after each sell wave of the whale.
**Market Reaction**
A chart taken by Spotonchain showing the price falling every time the whale sells RLB has also emerged. At this time, the whale no longer has any RLB. However, it is unknown whether Rollbit will withdraw more tokens to sell from hot wallets. RLB, which is not listed on any major cryptocurrency exchange, attracts attention with a market value of $574 million.
**Investment Advice Disclaimer**
It is important to note that this news article is not intended to serve as investment advice. Readers are advised to make investment decisions based on their own research and understanding of the market.
This sudden and massive selloff of RLB tokens by a single whale has certainly caused a stir in the cryptocurrency community. It also raises questions about the impact of large transactions on the market and the potential risks they may pose for smaller altcoins like RLB. As the crypto market continues to evolve and attract more attention from institutional and retail investors, such events may become more frequent and have a more profound impact on asset prices and market dynamics.
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