Cardano ICO Whale Moves Big Money After 7 Years, Targets Trending Altcoin Under $0.10
Photo: Rexas Finance
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/Rexas Finance/ – There is a great deal of attention and curiosity towards the movements in crypto by the whales – those that hold a lot of money in the form of digital assets. These actions especially by whale holders are usually market movers that are likely to signal a new trend. Recently, a notable Cardano Initial Coin Offering (ICO) whale moved and shifted funds after a long period of more than seven years. What has surprised the community even more is the fact that this whale now targets a trending altcoin RXS: Rexas Finance which is under $0.10.
A Look Back at Cardano’s ICO
IOHK, a company that creates the blockchain structure of the Cardano Network, started as one of the most well-known digital coins today – Cardano (ADA), which started as an Initial Coin Offering. So this ICO was carried out in many phases across the years. The first stage of the ICO commenced in September, the year 2015, while the last phase was undertaken in January the year 2017. During this time around 26 billion tokens were placed for sale out of a total of 45 billion ADA tokens. The pre-ICO had ended quite all right with about $62 million being raised by the end of the ICO. The initial coin offering began on July 1, 2017, and the sale of ADA tokens was held continuously until December 31, 2017. At the time of the ICO, the cost of the ADA tokens was rather small – the average price of a token being $0.0024. Seven years later, early investors took significant profits. ADA has been one of the leading cryptocurrencies and at the peak of $3.10 in the year 2021. Since it has still provided over time with much volatility in the larger cryptocurrency trends. However, that this particular whale chooses to divert his attention at this point is quite telling especially considering the altcoin that it has picked.
The Whale’s Move After 7 Years
This whale has become popular since they have been holding Cardano tokens for a long time and have transferred large sums of money. The question running through everyone’s mind is why Rexas Finance RXS an altcoin trading at less than $0.10 is the target. There have been cycles of boom and bust in cryptocurrencies within the last ten years. As the markets evolve, there are other ways added to the existing ones of spreading the risk and making investments that are in the nascent stages of cutting-edge technologies. Such circumstances are exploited by Rexas Finance RXS which is emerging in the new technology marketplace, providing effective new services in the highly promising market of RWA tokenization.
Bullish Signs: RXS Presale Performance
Rexas Finance (RXS) has demonstrated a strong bullish development over the last few days. The presale of the RXS tokens has recorded tremendous achievement whereby the current phase presale has overtaken the $1,750,000 mark. There have been many investors who have come into the project, and with every level of the presale, the token price has moved up. At present, RXS has reached its classic third stage at $0.05 with the available tokens selling out fast. There has also been a lot of speculation that there is ready demand for RXS tokens in large quantities when it eventually goes live as such demand and successful fundraising efforts have given rise to such sentiments. The buzz around the project has also been heightened by Rexas Finance’s plans to reward early adopters of the platform with a giveaway of up to $1,000,000 to create a healthy community for the project.
Conclusion: A Bold Move and a Promising Future
For the early investors, this could be quite bigger than the initial stage of Cardano when the availability of the ADA tokens was at a fraction of the future price. There are no forecasts that can be corrected up till now, but the whale’s move after 7 years is an indicator of the belief, that RXS, will be one of the next giants in the blockchain market and should be monitored closely to catch it when it takes off.
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