Cryptocurrency on-chain data shows that crypto whales have transferred a large amount of altcoins to Binance.
Altoco Ink Zilla with a large token supply may be on sale
The wallet, suspected of being a whale or an institutional investor, moved a $7.18 million worth of bounstokens (auctions) to Binance a few minutes ago. The same wallet has continued to move auction tokens to Binance in the past. In total, cryptocurrency wallets have moved 2.2 million auction tokens to exchange, accounting for 26% of the total token supply before transfer.
A chart showing a decline in auction prices today.
The whale movement also appeared on the token price list. According to CoinmarketCap data, auction prices fell by more than 10% during the day.
The very new non-Altcoin auctions are trading at a level of 54% lower than the highest price record set of all time as of writing four years ago. Token trading volumes have also fallen by 37% on a daily basis.
Altcoin is also traded at Coinbase.
*This is not investment advice.
