While fluctuations continue in the cryptocurrency world, important moves have occurred for three altcoins. There are notable movements in MKR, ARKM and LDO. Let’s look at the details together.
Bullish stance on altcoin MKR
Whale address 0x509 is making significant transactions involving the altcoin MKR. Accordingly, this shows that there is a bullish stance on the token. Just 13 hours ago, address 0x509 withdrew 324 MKR (equivalent to $434,000) from Binance for $1,339. This move follows a notable trend as the whale accumulated a total of MKR 2,070 (equivalent to $2.82 million) during the latest local slump that occurred last week.
13 hours ago, whale 0x509 withdrew another 324 $MKR ($434K) from #binance at $1339.
Notably, he seems very bullish with MKR when accumulating a total of 2.07K $MKR ($2.82M) at the local dip since last week. pic.twitter.com/AEINw0FiDR
— The Data Nerd (@OnchainDataNerd) October 13, 2023
Another whale, 0xff3, is actively depositing ARKM tokens to Binance via Wintermute. In the last transaction, which took place 17 hours ago, 0xff3 deposited 2 million altcoin ARKM tokens worth $663,000. This activity follows a consistent pattern, as the wallet deposited a total of 4.15 million ARKM tokens, equivalent to $1.395 million, over the past week. Interestingly, this whale had made a purchase from the Arkham Ecosystem Fund Wallet two weeks ago. Accordingly, 25.73 million altcoin ARKM tokens (worth $10.67 million) were purchased. The latest move shows that there is strong interest in this token.
17 hours ago, 0xff3 deposited 2M $ARKM ($663K) to #binance via Wintermute.
This wallet has deposited a total of 4.15M ($1.395M) in the last 1 week.
Notably, he received 25.73M $ARKM ($10.67M) from Arkham Ecosystem Fund Wallet 2 weeks ago. pic.twitter.com/LF7taOEvHY
— The Data Nerd (@OnchainDataNerd) October 13, 2023
New wallet activity on LDO tokens
Over the last 24 hours @0xNerdBot detected unusual buying volume in new wallets for LDO tokens. This interesting activity in the Lido DAO token (LDO) market attracts attention. It also shows a growing level of interest among traders and investors. On the other hand, it probably indicates a bullish sentiment. Another wallet, Fresh 0xac4, made a notable move just 2 hours ago. Accordingly, he withdrew 1.88 million altcoin LDO tokens worth $2.85 million from Binance. These transactions indicate dynamic activity in the altcoin LDO token market. Additionally, market participants are closely monitoring these developments to gain insight into the potential future direction of LDO prices.
In the last 24H, @0xNerdBot noticed an unusual buy volume of Fresh Wallets on $LDO.
We also found that Fresh 0xac4 withdrew 1.88M $LDO ($2.85M) from #binance 2 hours ago. pic.twitter.com/lkx4I4414e
— The Data Nerd (@OnchainDataNerd) October 12, 2023
As Kriptokoin.com, whale activities in the cryptocurrency market often serve as a sentiment barometer. It can also affect market dynamics. Recent moves involving altcoins MKR, ARKM and LDO tokens indicate increased interest. In addition, the results of these transactions are eagerly awaited by traders and investors. As the crypto market continues to evolve, it is important to stay informed about such whale activity. In addition, it is necessary to follow whale movements in order to make informed investment decisions.
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