$42 Million Chainlink Bought by Unknown Whale; Aave and Eos Challenger Secure Elite Investor Interest

As the HODL culture continues to take center stage in the crypto sector, a whale recently accumulated Chainlink worth a whopping $42 million in a span of just two days. 

Meanwhile, Borroe Finance ($ROE) is crafting a name for itself as one of the promising new DeFi projects since its triggering notable investor interest, and in the process, emerging as a worthwhile EOS and Aave challenger.

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Borroe Finance Prominence in Web3

Given that Web3 is deemed a game-changer that will welcome the internet to a new era, Borroe Finance is emerging as a notable catalyst in this endeavor based on how its altering revenue financing in this industry.

Specifically, Borroe Finance serves as an innovative peer-to-peer (P2P) marketplace that links Web3 businesses and content creators with revenue sellers, making it one of the prominent liquidity pools in the crypto sector. 

How does Borroe Finance make this a reality? Well, the network serves as an AI-enabled and NFT-powered invoice discounting platform that enables Web3 players to generate their outstanding payments or future revenues as non-fungible tokens (NFTs), which they sell off to get instant cash.

As a result, Borroe Finance is materializing as an important DEX (Decentralized Exchange) that enables Web3 participants to access immediate short-term capital needed to fund their projects. 

Therefore, Borroe Finance is showcasing itself as a force to be reckoned with in Web3 thanks to its practicality and innovation when it comes to lowering the barrier to entry in this sector. 

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Borroe Finance Edges to Closer to Raising $3 Million

Borroe Finance's real-world utility is making investors embrace it fully. For instance, its presale is going through the roof on the foundation of soaring liquidity.

As a result, Borroe Finance's presale is a stone's throw away from raising $3 million, given that more than $2.8 million has been invested.

Additionally, the network's governance token called $ROE is experiencing heightened adoption rate since more than 232 million coins have been purchased. 

$ROE is showcasing itself as one of the top crypto coins thanks to Borroe Finance's long-term goal of eradicating liquidity stumbling blocks in the Web3 sector. 

Therefore, Borroe Finance is topping the decentralized cryptocurrency list by elbowing other projects like Aave (AAVE) whose reputation was tainted following the Curve exploit.

With Borroe Finance emerging as one of the viral token launches, it ought to be given a keen eye based on its long-term objective of making the Web3 sector more friendly by eradicating entry barriers.

Chainlink Experiences Heightened Network Activity

Investor confidence in the Chainlink (LINK) network is soaring after a whale added LINK worth at least $42 million to its portfolio.

Leading market insight provider Lookonchain pointed out, "A mysterious whale/institution is accumulating LINK. We noticed that a total of 47 fresh wallets withdrew 2,237,504 LINK ($42.38M) from Binance in the past 2 days."

Therefore, the accumulation spree engulfing the Chainlink network has been playing an instrumental role in the bullish momentum being experienced.

For instance, LINK has breached the psychological price of $20.00 on the foundation of enhanced network activity.

Chainlink was up by 43.8% in the past month to hit $20.21 at press time, according to CoinGecko data. 

This comes days after LINK experienced a major dormant coin movement, which propelled the price to a 5-weeks high of $17.00, according to top on-chain data provider Santiment. 

Source: Santiment

Santiment also acknowledged that this dormant coin movement triggered the highest age consumed spike at 5.38 billion. Therefore, Chainlink is emerging as one of the altcoins to watch. 

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