Ethereum (ETH)-based gaming altcoins surged after cryptocurrency whales suddenly moved massive amounts of project tokens off exchanges, according to on-chain data.
like reported ImmutableX (IMX), a layer 2 scaling solution from blockchain tracking company Lookonchain, rose 20% as cryptocurrency whales made big moves.
“IMX price went up 20% today. We confirmed that three wallets (possibly belonging to the same whale) withdrew 4.3 million IMX ($9.6 million) from Binance (Monday).
This whale has six associated wallets and currently holds a total of 40.54 million IMX ($90.8 million).”
IMX is trading at $1.98 at the time of this writing, down 3.8% in the last 24 hours.
Look on chain too notice Ordinals (SATS) is soaring amid a major listing on Binance, the leading global cryptocurrency exchange.
“SATS prices have risen by up to 120% since Binance announced the listing of BRC-20 Sats.
On-chain data shows that the top 20 SATS holders hold 333.3T SATS ($150.8 million, or 15.90% of total supply).
Six of the top 20 holders have acquired SATS through minting, which is approximately 78.57 million SATS ($35.5 million).”
SATS is trading at $0.000000515075 at the time of this writing, up 123.4% in the last 24 hours.
Finally, Lookonchain reported A wallet suspected to be HashKey suddenly moved a huge amount of Ethereum to Binance, causing losses.
“Hashiki-related wallets deposited a total of 17,108 ETH ($38.1 million) to Binance after the ETH price plummeted, resulting in a loss of over $2 million.”
At the time of writing, Ethereum is trading at $2,187, down 1.4% in the last 24 hours.
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