In This Article
- RSR Crypto Links to Peter Thiel, Causing a Surge in Popularity for the native token of the Reserve Protocol
- Buy Wall at $0.0063 Points to Slight Retrace Before Sharp Reversal for RSR Crypto
- Multiple Whale Wallets are Buying up RSR in Huge Quantities: What do They Know?
- BONUS: Snorter Bot (SNORT) Presale Ends in Just Four Days - Last Chance to Secure This Must-Have Trading Tool
The entire crypto market is down -2.6%, with the combined market cap dropping to $3.8T, as ongoing trade tensions between China and the US continue to spook the markets. However, RECALL and RSR crypto are both up today, giving a glimmer of hope that ‘Uptober’ could be back.
RSR is up +5% since yesterday, while RECALL is up over +20%, all while Bitcoin
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is down -2% today, dropping below $111K and struggling to hold a crucial level at $110K.
RSR Crypto Links to Peter Thiel, Causing a Surge in Popularity for the native token of the Reserve Protocol
RSR crypto is back in the news right now due to crypto savant Peter Thiel receiving US regulatory approval for his Erebor crypto bank. The plans for the cryptobank are to build around stablecoins, and Thiel has a public investment in RSR, which has sent the community into a speculative frenzy.
The bank, named after the “Lonely Mountain” containing the dragon Smaug in The Lord of the Rings series, is backed by weapons manufacturer Palmer Luckey and the firms of Palantir co-founders Joe Lonsdale and Peter Thiel.
Now, with Thiel having such a pivotal role with Erebor, there is a belief that the RSR crypto project could be integrated into the cryptobank, although nothing has been confirmed as of yet.
This hasn’t stopped RSR from surging +5% overnight, with it currently trading for $0.0065, giving it a market cap of $399M. However, RSR crypto is down -94% from its all-time high of $0.11 in 2021.
Erebor Bank (backed by Peter Thiel + Palmer Luckey) just got U.S. regulatory approval as a “cryptobank.”
They’re building around stablecoins — and Thiel already backs @reserveprotocol ($RSR), which is doing #RWAs -backed stables + crypto index tokens.
If Erebor’s banking rails… pic.twitter.com/Ng89S7yoOK
— Deez 🅡 🪳Nuts (@CryptoWolf6969) October 16, 2025
Buy Wall at $0.0063 Points to Slight Retrace Before Sharp Reversal for RSR Crypto
While RSR crypto failed to break through a sell wall at $0.007, there is a considerable buy wall on the order books at around $0.0063, which points toward a sweep of the liquidity at this level before another attempt at breaching $0.007.
There are two additional sell walls on the RSR orderbooks, extending up to $0.0083. This means that increased buy pressure will be necessary to push through, potentially resulting from an RSR and Erebor Bank partnership announcement.
Looking at the 4H chart for RSR crypto, it is encountering a bullish bias, albeit a relatively weak one. Technical indicators on 4H are all leaning toward it being in ‘Strong Buy’ territory.
TradingView indicates that all moving averages, ranging from 10-day to 200-day, are flashing ‘Buy’, aligning with the 12 and 26-day MACD levels at 0.000321, which signals a strong buy for RSR as well.
Support for RSR crypto is sitting in the lower band of recent consolidation just above $0.0063, while resistance shows up near the cluster of MAs above at $0.007. A clean break above those MAs and that resistance zone could lead to a short-term rally, which could in turn fuel a more extended run if bullish news for RSR is announced in the near future.
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Multiple Whale Wallets are Buying up RSR in Huge Quantities: What do They Know?
There are interesting developments with RSR among some whale wallets, as noted by crypto trader @CW8900 on X, who observed that one wallet has been accumulating RSR crypto via Coinbase for over three months.
As of today (October 16), the whale has bought over 633M RSR tokens, which amounts to roughly $4M worth at current prices. It is plausible that this individual is stacking RSR with some inside knowledge of a possible collaboration between Peter Thiel’s newly regulated cryptobank and the RSR project.
This isn’t the only whale wallet buying up RSR in large quantities. Another wallet, beginning ‘0xD55..‘, has been on a spending spree today, buying up nearly 100M tokens worth around $800K. It appears that smart money is aware of significant developments on the horizon for RSR and is frontrunning substantial news from the RSR crypto project in the near future.
This wallet has been accumulating $RSR through Coinbase for the past 3 months.
It currently holds 633.281M $RSR.
Especially, this wallet is accumulating 66.484M $RSR today. pic.twitter.com/WruXt5OYSD
— CW (@CW8900) October 15, 2025
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