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Home»ALTCOIN NEWS»Ethereum Gaming Altcoin Rally As Large Whales Withdraw from Binance: On-Chain Data
ALTCOIN NEWS

Ethereum Gaming Altcoin Rally As Large Whales Withdraw from Binance: On-Chain Data

By Crypto FlexsDecember 14, 20232 Mins Read
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Ethereum Gaming Altcoin Rally As Large Whales Withdraw from Binance: On-Chain Data
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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).”

Source: Lookonchain/X

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).”

video
Source: Lookonchain/X

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.”

video
Source: Lookonchain/X

At the time of writing, Ethereum is trading at $2,187, down 1.4% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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