Data Revealed: Whales Accumulate in an Altcoin – But the Price is a Big Disappointment

CoinMarketCap
03-29

According to cryptocurrency onchain data, there has been a notable increase in whale activity in an altcoin.

Onchain data shared by cryptocurrency analytics firm Santiment shows an unusual spike in whale activity in the Immutable X (IMX) altcoin. According to analysts, when large wallets increase their transfers in a cryptocurrency, it could indicate a period of accumulation.

Related News: Cryptocurrency Statement from China's State Administration of Foreign Exchange (SAFE) Official

Santiment data shows that crypto whale wallets holding at least 100,000 IMX tokens have amassed a total of 4.55 million IMX over the past three months.

However, the IMX price continues to trend downward. The token’s price has fallen by 19% in the last month, while the decline rate in the last year has been 80%. IMX, which is listed on major cryptocurrency exchanges such as Binance, Upbit and Coinbase, has a market value of approximately $1 billion at the time of writing.

The token, which has a large user base especially in South Korea, has the theme of Web3 games, which were once very popular.

*This is not investment advice.

Continue Reading: Data Revealed: Whales Accumulate in an Altcoin – But the Price is a Big Disappointment

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10