Whale Activity Sparks Curiosity As ALT Token Surges Over 95% In Last 30 Days

2024-2-24 01:26

A recent substantial withdrawal of ALT tokens from Binance, a leading cryptocurrency exchange, by a whale address unaffiliated with a centralized exchange (CEX) or team, has sparked intrigue within the crypto investor community.

This significant transaction occurred amidst a remarkable surge of nearly 10% witnessed in Altlayer’s native token, ALT, adding to the curiosity among investors and traders in the cryptocurrency market. 

ALT has demonstrated impressive performance, with gains exceeding 42% over the week and a staggering 95% increase in the past 30 days.

According to insights from spotonchain, Whale 0xd4a, identified as rochee.eth, withdrew 5.5 million ALT tokens valued at $2.99 million from Binance at a price of $0.544 just a few hours ago. 

The $ALT price increased by over 10% today!

Whale 0xd4a (rochee.eth) withdrew 5.5M $ALT ($2.99M) from #Binance at $0.544 ~3hrs ago, becoming the 2nd largest non-CEX/team-holding address of $ALT.

Notably, the whale had been inactive for over 8 months before this withdrawal.

Did… pic.twitter.com/szctKo8sW9

— Spot On Chain (@spotonchain) February 23, 2024

Notably, this withdrawal marks the first instance of the whale accumulating ALT tokens after remaining dormant for nearly nine months. As a result, the whale’s address now ranks as the second-largest non-CEX/team-holding address of ALT tokens.

ALT Token Spikes To New All Time High Within 24 Hours

In response to this whale activity, ALT tokens surged to a new all-time high (ATH) of $0.5825 within the past 24 hours, following the notable accumulation by the whale address.

The sudden surge in ALT’s price, coupled with the significant withdrawal by the whale address, has prompted investors and analysts to closely monitor the developments surrounding ALT token. 

Speculations and discussions abound regarding the implications of the whale’s actions and the potential impact on ALT’s future price movements.

As the cryptocurrency market continues to evolve, such occurrences highlight the dynamic nature of investor behavior and the intricate dynamics influencing token prices. 

The ALT token’s recent surge and the accompanying whale activity underscore the ongoing interest and engagement within the crypto community as participants navigate the evolving landscape of digital assets.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: vefimov/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange whale centralized cex unaffiliated address cryptocurrency

Источник: nulltx.com

exchange whale → Результатов: 126


Whale Deposits $55 Million in Tether (USDT) to Binance, “Likely” To Buy This Altcoin

A large Ethereum whale has been steadily accumulating the cryptocurrency over the past month according to transactions monitored by blockchain analytics firm LookOnChain. Today, the whale deposited 55 million USDT (Tether) onto the popular cryptocurrency exchange Binance, likely with the intent of using those stablecoins to purchase Ethereum.

2023-12-11 19:30


300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

The Meme-based cryptocurrency Dogecoin (DOGE) has recently experienced a significant increase in whale transactions during an improvement in the crypto asset’s price. 300 Million Dogecoin (DOGE) Dumped In Crypto Exchange Data from the on-chain crypto tracker Whale Alert recently revealed that a massive amount of Dogecoin (DOGE) was transferred to Robinhood.

2023-12-2 20:00


Why is BLUR Pumping? This Major Exchange’s Historic Listing and $32M Whale Accumulation Trigger Massive Explosion

The cryptosphere awoke to seismic rumblings this week as red-hot token BLUR abruptly pumped over 30% following two bullish catalysts stoking immense hype. Landmark Spot Listing The first spark igniting the rampage came from premier global exchange Binance unexpectedly confirming a coveted Spot listing for BLUR – the native asset of NFT marketplace aggregator Blur.

2023-11-24 12:33


Shiba Memu stands out as investor buying power hits 6-month high

Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin. Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits. What does spike in exchange buying power means for crypto, Shiba Memu? Although the crypto market is still largely in the accumulation phase amid the latest […] The post Shiba Memu stands out as investor buying power hits 6-month high appeared first on CoinJournal.

2023-10-5 13:12


Фото:

Smart Crypto Whale’s Massive $40 Million ETH Withdrawals From Binance: What Does It Mean?

Recently, a smart whale made waves in the crypto community by withdrawing a staggering 24,548 Ethereum (ETH) tokens from the popular exchange, Binance. These withdrawals, totaling $40 million in value at the time of the transactions, have left many wondering about the implications of such substantial movements in the market. Whale Withdraws 5,050 ETH The […]

2023-9-22 23:48


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Memecoin $PEPE Surges As Whales Accumulate Profits

The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion.  This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the […]