Shiba Inu Sees Selling Pressure Amid Whale Movements, Rexas Finance Presale Gains Momentum with Over 24 Million USDT Raised

The largest holder dumping billions of these tokens led to price swings in SHIB. SHIB had risen to 0.000031 USDT after making a 15% weekly price uplift

A large holder in the Shiba Inu (SHIB) ecosystem has sold 4.8 billion SHIB, valued at around 150,000 USDT, amidst SHIB's struggles to rise past 0.000033 USDT. This movement has led traders to explore other tokens with higher potential returns.

Among these tokens, Rexas Finance (RXS) has gained attention due to its promising real-world asset tokenization model, boasting a high potential of rising to 19 USDT from 15,400% at its presale stage.

Shiba Inu Feels the Heat as Whale Movements Impact Price

A large holder in the Shiba Inu (SHIB) ecosystem has sold a substantial amount of SHIB, influencing the token's price movements. SHIB had managed to rise to 0.000031 USDT, notching up a 15% weekly price appreciation, yet it未能 sustain the upward trajectory.

The target area lies at the 0.000033 USDT level of resistance, with the price moving above this indicating a clear uptrend. However, such whale movements raise questions about the long-term potential of SHIB, given its circulating supply of 589.3 trillion tokens.

Despite the SHIB community's efforts to announce token-burning campaigns, the current burn rate of 3.7 billion SHIB tokens monthly is insufficient to positively impact the token's value. As a result, some buyers are shifting their attention to other promising ventures.

Rexas Finance Presale Surges with Over 24 Million USDT Raised

In the realm of crypto, new tokens are emerging, and one that has garnered attention is Rexas Finance (RXS) for its presale success and high return ratios.

Currently in its 9th presale stage, the token is priced at 0.125 USDT and has managed to attract over 24.34 million USDT by selling more than 318.7 million tokens. The presale is now in its final stages with only 16.3 million tokens left for purchase before the price increases.

This promising venture boasts the use of decentralized solutions, allowing buyers to tokenize traditional tangible assets like homes, paintings, and even ideas. Such handy functionality has attracted much attention, placing RXS at the forefront of new tokenized economy systems.

However, the presale price of RXS is set to increase to 19 USDT, marking an astonishing 15,400% rise from its current price point.

Community Involvement and Audits Boost Confidence in Rexas Finance

Transparency and community involvement have been central to Rexas Finance's strategy, earning recognition from prominent blockchain tracking platforms like CoinMarketCap and CoinGecko.

Moreover, the project has undergone a security audit by CertiK, a trusted blockchain auditing firm, to ensure the reliability and security of its smart contracts.

To further strengthen these ties, the project is hosting an ongoing 1 million USDT giveaway, where participants will share the reward, with 100,000 USDT being distributed among them. This initiative has piqued interest in the token and boosted presale participation.

The tokenomics of Rexas Finance are also geared towards long-term value. With a capped supply of 1 billion tokens, 42.5% are allocated to the presale, while 22.5% will be used for staking rewards. Such a structure aims to encourage long-term holding and adoption.

RXS Poised to Lead the Next Crypto Wave as SHIB Faces Supply Woes

Having successfully concluded its presale, and with its approach to tokenizing real-world assets, Rexas Finance (RXS) is making its presence felt in the competitive crypto space.

As SHIB faces challenges with its massive supply, other tokens like RXS are gaining attention for their utility and potential for several-fold price increases. At its presale stage, RXS is being sold at 0.125 USDT with the prospect of surging to 19 USDT in the future, making it a substantial investment opportunity for buyers.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance