Traders Abandon Meme Coins for Profitable Rollblock (RBLK)
The meme coin market, once bullish, has experienced significant losses recently. On-chain data reveals a shift away from top meme coins Pepe (PEPE) and Bonk (BONK) towards Rollblock (RBLK) due to its unique revenue-generating model.
Pepe (PEPE): Massive Sell-Off
Pepe, a popular meme coin in May, has seen its value plummet by 38% from its peak of $0.00001717 to $0.0000100. On-chain data indicates a major sell-off, with a top trader dumping holdings worth $1.27 million.
Bonk (BONK): Gains Lost
Bonk, another prominent meme coin, has also faced a downturn. Despite establishing two all-time highs this year, the coin has lost 56% since its peak of $0.00004574. Traders and investors have liquidated positions, seeking more promising alternatives.
Rollblock (RBLK): Surging Interest
In contrast to the meme coin decline, Rollblock has attracted new investors. The RBLK token has rallied by 40% during the market downturn, welcomed over 3,000 new users, and become one of the top-performing altcoins.
Revenue Sharing Model Boosts RBLK
Rollblock's unique revenue sharing model has captivated investors. Up to 30% of weekly revenue is used to buy back RBLK tokens, while 50% of each transaction is burned to enhance scarcity and value. The remaining 50% is distributed to RBLK stakers, offering lucrative rewards.
GambleFi Platform and Euro 2024 Promotion
Rollblock's integration with GambleFi, a platform that promotes transparency and fairness in online gambling, has further fueled hype for the coin. Additionally, a $20,000 prize giveaway for users betting on the Euro 2024 football championship has generated excitement.
Conclusion
As meme coin prices continue to decline, traders have shifted their focus to Rollblock (RBLK). Its revenue-generating model, GambleFi integration, and potential for growth have made RBLK an attractive investment option in the current crypto market.
Times Tabloid
DogeHome
CaptainAltcoin
Crypto Intelligence
TheNewsCrypto
Crypto News Land
