SHIB whales dump tokens, on-chain data show investors accumulating RBLK over SOL
![SHIB whales dump tokens, on-chain data show investors accumulating RBLK over SOL](https://crypto.news/app/uploads/2024/10/crypto-news-Rollblock-option03-1380x820.webp)
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Shiba Inu whales are selling tokens, while Rollblock gains momentum with massive returns and promising growth potential.
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Shiba Inu (SHIB) whales are dumping tokens, suggesting a change in investor sentiment. Meanwhile, on-chain data reveals a growing accumulation of Rollblock (RBLK), a new player in blockchain-powered gaming. With its robust utility and deflationary model, RBLK draws attention away from Solana and Shiba Inu. Rollblock has already delivered 420% returns, with early backers anticipating another 400% before the presale ends.
Rollblock’s blockchain gaming movement: A 420% surge with more surge ahead
Rollblock is redefining the online gaming industry with its blockchain-native platform, offering unprecedented transparency and security. Unlike traditional platforms that have long faced issues of fairness and trust, Rollblock records every wager immutably on the blockchain, ensuring verifiable results and eliminating the possibility of manipulation.
Rollblock has already gained credibility, securing a gaming license from Anjouan Gaming and passing a full audit by SolidProof. With over 45,000 users enjoying its extensive catalog of over 7,000 games, including poker, roulette, and AI-enhanced exclusives, Rollblock is fast becoming a major force in the industry.
Introducing its sports wagering feature has further accelerated its growth, allowing users to bid on high-profile leagues like the NBA and UFC. Rollblock’s new sports prediction league generated over $1.75 million in wagered bets in December alone, and the platform is set to break more records in Q1 2025.
Beyond gaming, Rollblock stands out with its unique revenue-sharing model. The platform allocates up to 30% of its weekly earnings toward repurchasing RBLK tokens. Of these, 60% are permanently burned to reduce supply, while the remaining 40% is distributed as staking rewards, offering holders a lucrative passive income.
Now in its tenth presale phase at $0.053, Rollblock has already delivered 420% gains to early investors. With further price appreciation expected before the presale concludes, this is a prime opportunity for savvy investors to get involved before RBLK takes off.
Solana’s growth surges as ETF speculation fuels market optimism
The Solana network has expanded, with over 5 million new addresses created daily, underscoring its growing adoption. Analysts point to a strong correlation between rising user activity and Solana’s price performance, reinforcing its dominance in blockchain.
Meanwhile, Grayscale’s Solana spot ETF proposal marks a pivotal moment in the crypto investment landscape, signaling regulatory shifts that could attract mainstream investors. With the SEC reportedly open to discussions, the possibility of ETF approval is fueling institutional interest in SOL.
At the time of writing, trading at $207, Solana has bounced back from recent lows, gaining 5.7% in a strong uptrend. Having peaked at $293 in January, analysts suggest that if market conditions remain favorable, Solana could target $389 before the end of Q2.
Shiba Inu burn rate soars as whale activity declines
Shiba Inu has burned over 226% of its token target, as 2.26 million SHIB tokens have been removed from circulation within the last twenty-four hours. According to Shibburn data, nearly 45 million SHIB tokens were destroyed in the past week, reinforcing the Shiba Inu community’s push for supply reduction.
Despite this aggressive burn initiative, on-chain data reveals a significant drop in whale activity. Large SHIB transactions worth at least $100,000 have fallen by 55.63%, with daily volume shrinking from 4.35 trillion SHIB to 1.93 trillion. In dollars, whale transactions dropped from $65.59 million to $30.87 million, signaling waning institutional interest.
Shiba Inu has a market cap of $9.38 billion and is worth $0.00001593 per token. Analysts remain optimistic, noting that if its burn strategy improves, it might reach $0.50 by Q4 2025.
Why Rollblock will outperform Shiba Inu and Solana in 2025
Rollblock aims to surpass Shiba Inu and Solana by disrupting the $500 billion gaming industry with blockchain-powered transparency and security. Unlike SHIB, which lacks intrinsic utility, and SOL, which faces scalability challenges, RBLK’s revenue-sharing model and deflationary tokenomics create sustained growth. With over $10.3 million raised, analysts predict exponential gains for Rollblock in 2025.
To learn more about Rollblock, visit the website and socials.
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