Yesterday, the coup attempt of the Russian mercenary group Wagner was on the agenda of the whole world. Recent developments indicate that a compromise has been reached and the troops withdrawn. The agenda, which has an impact on the cryptocurrency market, has caused double-digit activity in Russian-linked altcoin projects.
What’s going on in Russia?
Wagner’s founder, Yevgeny Prigojin, called the Russian army a “march for justice” over allegations that he had fired on his men. Thus, Vladimir Putin faced an armed rebellion this weekend. Prigozhin seized a military base in the south of the country on Saturday. Also, a deal with Belarusian President Alexander Lukashenko planned to take Russian mercenaries all the way to Moscow before Prigozhin saw his troops withdraw.
In recent developments, it is still unclear how this process will turn out, although the agreement stipulates the withdrawal of Prigozhin to Belarus and the Wagner fighters not involved in the rebellion will sign contracts with the Russian Ministry of Defense.
In terms of the cryptocurrency market, Russian-linked altcoin projects like WAVES are posting double-digit gains. In particular, WAVES showed similar actions when Russia declared war on Ukraine on February 24, 2022.
Waves (WAVES)
Waves, a Russian-based cryptocurrency platform, gained more than 80% after the civil war in the country. Previously, it had maintained its upward trend for a week when Russia began its invasion of Ukraine in February 2022. As the “Russian Ethereum”, Waves is currently the 111th largest cryptocurrency in the market. During the hours Wagner and the Russian army faced off, the intraday lows rose from $1.53 to $2.90. Waves gained 88% overall.
Why does $WAVES pump every time there is turmoil in Russia? pic.twitter.com/ZBDW3CLKEL
— Ran Neuner (@cryptomanran) June 24, 2023
As Kriptokoin.com, we have conveyed the first reaction of the WAVES price to the news of the civil war and detailed information about the project in this article.
ONSTON (ONSTON)
ONSTON, the metaverse platform predominantly preferred by Ukrainian users, evaluated the war news with a 50% price increase. According to Coinecko data, it moved between $0.0025-0.0035 throughout the day. ONSTON is currently trading at $0.0028 after some price correction.
Waves Enterprise (WEST)
WEST, a cryptocurrency from the Waves ecosystem, gained double digits during the war agenda. At the same time, it recorded a price increase of over 70% in its segment.
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