On-chain analytics platform Lookonchain reported that a group of whales started accumulating some tokens. Accordingly, whales are collecting tokens of 4 altcoin projects through the cryptocurrency exchange Binance. Of these, one particular whale, “0x9e74”, has withdrawn a total of $6.9 million worth of MKR from Binance since July.
Whales started collecting: These 4 altcoins are their target!
As you follow from Kriptokoin.com, the latest shock wave has created uneasiness in the crypto market. However, the market remained relatively strong and showed signs of a rapid recovery. Undoubtedly, whales, who see declines as buying opportunities, also have a share in this. In this context, on-chain tracking platform Lookonchain reveals that a group of whales have accumulated Maker (MKR), ssv.network (SSV), Coin98 (C98) and RSS3 in the last 24 hours. Accordingly, some wallets, both new and linked to whales, have withdrawn millions worth of tokens from these 4 altcoin projects in the last 24 hours.
https://twitter.com/lookonchain/status/1727174420383617257
The latest transaction took place when a new wallet named “0xB4aE” withdrew 10 million RSS3 tokens from OKX, worth $1.44 million. Shortly after that, whale “0xb6a7” withdrew 114,227 SSV worth $1.93 million from Binance. The same whale also withdrew 2.77 million C98 tokens from the leading cryptocurrency exchange platform.
Binance also saw 1,226 MKR tokens leave its platform in the last 24 hours. This comes after whale “0x9e74”, which has withdrawn a total of 4,776 MKR from Binance since July 25, 2023, recently withdrew $1.7 million worth of altcoins from the exchange. This brings the total value of the MKR withdrawn from Binance by the whale in question to approximately $6.9 million.
How is the price performance of the tokens?
Meanwhile, SSV, MKR, and C98 managed to post 24-hour gains, according to CoinMarketCap. MKR increased by 3.15% as of press time. The altcoin was trading at $1,467 at press time. Meanwhile, SSV increased its value by 1.42% to $17.38. C98, on the other hand, was changing hands at $ 0.1806, with an increase of 2.61% in the last 24 hours.
RSS3, on the other hand, suffered a completely different fate during the past trading day. Because the altcoin recorded significant 24-hour losses. The altcoin price fell 2.74% to $0.1426. Thus, it was the only cryptocurrency among the 4 altcoins that suffered losses. However, RSS3 is sitting on a gain of over 8% on its weekly chart.
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