RLB Jumps 15% After Large Purchases by Whales: On-Chain Data

Lookonchain, the on-chain tracking platform, revealed in an X post that the price of Rollbit Coin (RLB) jumped 15% today. Subsequently, the altcoin was able to reach a new all-time high (ATH). According to the post, the cryptocurrency’s substantial increase in price may be linked to 4 whales who purchased several millions worth of RLB in the past 2 days.

The price of $RLB increased by 15% today to reach a new all-time high.

We noticed that 4 whales bought a total of 20.3M $RLB($4.14M) in the last 2 days.

9x9x9 (@9x9x9eth) spent 1,230 $ETH($2.22M) to buy 11.28M $RLB at $0.197.https://t.co/ASaz62kDno pic.twitter.com/melE6Ncpbr

— Lookonchain (@lookonchain) November 1, 2023

On-chain data revealed that the 4 whales in question purchased 20.3 million RLB. The collective value of these purchases is estimated to be $4.14 million. In another post, Lookonchain revealed the addresses of the 4 whales.

0xeE8A spent 327 $ETH($594K) to buy 2.92M $RLB at $0.203.https://t.co/9zrui57PtC

0xF07F spent 400 $ETH($726K) to buy 3.45M $RLB at $0.21.https://t.co/MJ7M3EiD5e

0xAa0E spent 170 $ETH($307K) and 287K $LUSD to buy 2.64M $RLB at $0.224.https://t.co/ecC6ay5C3W pic.twitter.com/9wif30Hz0j

— Lookonchain (@lookonchain) November 1, 2023

The biggest purchase was performed by an X user 9x9x9, and saw 11.28 million RLB, worth $2.22 million, purchased. According to Lookonchain, this purchase was made using 1,230 Ethereum (ETH).

The whale address 0xeE8A spent 327 ETH to purchase 2.92 million RLB at a purchase price of $0.203. Meanwhile, the whale addresses 0xF07F and 0xAa0E purchased 3.45 million and 2.64 million RLB respectively.

Whale 0xF07F spent 400 ETH, valued at $726K, to buy RLB at an average purchase price of $0.21. 0xAa0E on the other hand, used 170 ETH and 287K Liquidity USD (LUSD) to make its RLB purchase at $0.224.

A SmartMoney investor seems to have profited from the recent purchases by these large whales. In another post, Lookonchain revealed that this particular savvy investor sold 5 million RLB for 614 ETH at $0.22. The address then added 4 million RLB liquidity to Uniswap to earn trading fees in the past few hours.

A $RLB SmartMoney sold 5M $RLB for 614 $ETH($1.1M) at $0.22 and added 4M $RLB liquidity on #Uniswap to earn trading fees in the past 4 hours.

This SmartMoney bought a total of 23M $RLB($1.57M) at an average price of $0.068 from Jul 5 to Sept 26.

The total profit exceeds $3.5M! pic.twitter.com/fm5FlbdTuA

— Lookonchain (@lookonchain) November 1, 2023

According to the post, the SmartMoney investor bought 23 million RLB at an average price of $0.068 between 5 July and 26 September this year. Currently, this investor’s profit is around $3.5 million.

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