Blockchain tracking firm Lookonchain shared a tweet this morning. In the tweet, he emphasized that Jump Trading has recently invested a major altcoin Linear Finance (LINA) in Binance. According to the post, Jump Trading sent 20 million LINA to Binance earlier today. The numerical equivalent of the sent crypto money is 451 thousand dollars. cryptocoin.com Let us present the details.
Alarm for altcoin?
The firm states that Jump Trading has deposited a total of 185 million LINA on Binance. Accordingly, he states that every deposit is historically followed by a fall in the price of the altcoin. However, even though the firm has deposited that many tokens, it still has LINA in hand. Accordingly, the company has 64.7 million LINAs. At the time of writing, there is a drop in LINA price. The price is down 4.7%. On the other hand, this result is like history repeating itself. Moreover, the altcoin has also weakened against the two market leaders Bitcoin (BTC) and Ethereum (ETH) in the past 24 hours. As a result, LINA lost 3.32% against BTC and 3.90% against ETH.
From a technical standpoint, the price of altcoin LINA broke 3 major resistance levels in the past 7 days. As a result, it turned two of its price points into support levels in the process. The first significant level to break was the $0.012246 level, which the altcoin price exceeded on May 27, 2023. Afterwards, LINA’s price continued to climb. It turned $0.018230 to support on May 30, 2023. The cryptocurrency tried to do the same with the $0.025239 resistance level on Tuesday and yesterday. However, it failed to close its daily trading sessions above the mark. These unsuccessful attempts later resulted in the final drop in LINA’s price.
Ripple whales on stage
Ripple and other XRP whales continue to shuffle millions of tokens. Accordingly, the last batch was transferred to Binance and Bitstamp just before the June escrow unlock. Two XRP whale addresses moved nearly 100 million XRP ($51 million) to Bitstamp and Binance just before Ripple unlocked 1 billion tokens for the month of June. Whale Alert, a leading whale watching platform, highlighted both actions in two separate tweets. The first transaction took place at 20:33 (UTC) on May 31. 23.5 million XRP ($ 12.24 million) was transferred to Bitstamp from an unknown address.
Finally, Terraform Labs is selling the altcoin AVAX. Accordingly, the company keeps 850,000 AVAX at its address. According to the observations of blockchain data analyst Yu Ashes, Terraform Labs is selling AVAX. The LFG address transferred 200,000 AVAX ($2.89 million) to the address “0x49ee” on May 30. Eventually it went on sale. So far, 147,000 AVAX have been converted into 2.11 million solar stablecoins. The Luna Foundation Guard (LFG) address reportedly received approximately 1,085,000 AVAX ($15.35 million) on April 27 last year. In addition, the LFG address currently holds 850,000 AVAX ($12 million).
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.