The post Solana Whale Bets Big on AI Meme Coin Raboo As Toncoin Price Continues Crashing Down appeared first on Coinpedia Fintech News

It’s no secret that crypto whales have the power to move markets. With tokens like Solana and Toncoin continuing to tumble, one SOL whale has bet big on new AI crypto Raboo ($RABT) after several projections of a 100x spike this year. Dive in to uncover why.

Solana’s price action fails to impress

Solana has been in the doldrums after recent market uncertainty. Solana still retains its premier status as the 5th most valuable crypto, worth a massive $58 billion. Yet some crypto whales have grown frustrated with SOL’s lackluster price action. 

Solana, known for its high-speed, low-cost blockchain, saw an epic climb earlier in the year, rising from around $18 in mid-September 2023 to peak at more than $200 in March. Since then however, it has been largely ranged, often pushing as low as $123. According to Bitcoinist, a Solana whale recently dumped almost $100 million in SOL, with some of that capital allocated to the ongoing Raboo AI crypto presale.

Solana still retains strong fundamentals, with a total-value locked (TVL) continuing to rise, around $4.6 billion right now. However, with the prospect of much greater gains, it’s no wonder many are enticed by Raboo.

Raboo’s AI crypto could 100x

Raboo is a new project nestled within both the AI crypto and meme coin sectors. The Raboo presale has been a roaring success so far, raking in more than $2.3 million to fund the development of its proprietary AI tool, Rabooscan. Currently, it is at the closing point of the 4th stage of its presale, priced at $0.0048, with a projected 173% left to climb. However, experts see this as minuscule compared to the potential 100x gains when $RABT hits exchanges.

Raboo uses AI to scrape the latest memes from social media, with investors able to create AI-generated memes. These memes can then be entered in regular contests for the chance to earn huge prizes. 

Add to this a lucrative Post-to-Earn platform that promises a way for users to monetize their social media feeds, generous staking rewards, and an exclusive upcoming NFT project, and it’s easy to see why crypto whales love Raboo. It’s already secured the backing of a dedicated community and a green light from auditing firm SolidProof, teeing it up for an explosive exchange debut soon.

Toncoin looks set to crash further

Like Solana, Toncoin has been breaking lower in recent weeks. TON is the native token of The Open Network, closely affiliated with the Telegram messaging app. While TON has risen up the ranks over the past few months—now the 10th most valuable at a $11.8 billion market cap—some of the hype has been wearing off. 

While some point to the arrest of Telegram CEO Pavel Durov as a key reason for the shift in sentiment, others argue it comes down to a broader pullback and bearish technical price factors, such as a rounded top visible on TON charts. 

Whatever the reason, TON has broken below its May low of $4.89, now priced at $4.66 and significantly down from its June peak of $8.24. With $RABT tokens set to sell out soon amid 100x price predictions, expect to see TON continue its decline in the coming weeks. 

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official