Ethereum (ethereum) based mostly privacy-centric altcoin tasks are getting a lift from large under-the-radar buying and selling crypto whales, on-chain information exhibits.
In response to blockchain monitoring firm Lookonchain, crypto whales are driving crypto costs increased. masks Tokens will make it easier to full a parabolic rally over the previous week.
Masks Community is a undertaking that permits social media customers to ship content material, messages or cryptocurrencies to one another in a personal and encrypted manner.
The undertaking’s governance token, MASK, has risen over 200% since its launch in 2023. Lookonchain attributes the current worth improve to many rich traders.
“MASK costs have elevated by as much as 44% immediately.
This market maker acquired 3.5 million MASK from handle ‘0x5459’ [on March 17th] .
On the similar time, a number of associated addresses have withdrawn MASK from exchanges one after one other.
Elevate the worth of MASK once more! ”
Lookonchain beforehand reported on whales earlier this month. warn MASK’s worth rose 27% in a single day following large withdrawals from cryptocurrency exchanges.
“MASK worth rose from $3.27 to $4.16 immediately, up 27%.
We seen that whales withdrew as much as 3.6 million MASK ($14.8M) from Binance, OKX, Kucoin, and Huobi via a number of addresses.
This handle could also be driving up the worth of MASK. “
On the time of writing, MASK is buying and selling at $6.42, up greater than 4% over the previous 24 hours.
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