An AI16Z fund-backed wallet just made a notable move, accumulating $RCN tokens valued at approximately $0.49K. The acquisition occurred when RCN was trading around a $36.21M market cap, signaling potential interest in the asset at this valuation level. Such whale activities often serve as key indicators for market participants tracking institutional and large-holder sentiment.
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StableGeniusDegen
· 5h ago
Is a16z's wallet accumulating RCN at low levels? Is this a signal for us?
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BlockchainFries
· 5h ago
Whales are causing trouble again. Is RCN about to take off?
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NotFinancialAdviser
· 5h ago
a16z is stacking coins again... this time it's rcn? Need to keep an eye on it
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HypotheticalLiquidator
· 5h ago
Uh... a16z wallet bottoming out RCN? With a market cap of 36M, this size should be approached with caution. No one has commented on the health factor. Once the lending rate rises, it could be a sign of a chain reaction of liquidations.
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DisillusiionOracle
· 5h ago
a16z has stepped in, is rcn about to take off?
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AirdropworkerZhang
· 5h ago
Seeing a16z's wallet hoarding coins again, this time it's RCN... feels like these institutions are quietly accumulating.
An AI16Z fund-backed wallet just made a notable move, accumulating $RCN tokens valued at approximately $0.49K. The acquisition occurred when RCN was trading around a $36.21M market cap, signaling potential interest in the asset at this valuation level. Such whale activities often serve as key indicators for market participants tracking institutional and large-holder sentiment.