The fact that Magic (MAGIC), listed by Binance, the world’s largest cryptocurrency exchange, has risen by 200% in the last 30 days has led to speculation.
MAGIC, which Binance listed on the platform today, in the last month despite current bear market conditions 3x made that many investors did not go unnoticed and this situation lead to controversy opened.
Blockchain analytics platform Nansen to the data by “190416.eth” wallet last 30 in the daily period worth $800,000 Bought MAGIC and made most of these purchases in the last 7 day period.
Another analytics platform is Lookonchain. to the data by only 30 wallets, 350 million almost all cryptocurrencies owns 80% exists. In the data aalso “0xa..432” your wallet since December 3 one.5 million MAGIC received and cost is 0.5 dollars detected. Wallet owner, today at 11.30 pm 1 million MAGIC Transferred to Binance. It can also be used in several different wallets during the day. similar moves seen.
On the other hand, a wallet that has received MAGIC since December 1 will be sent to Binance 2 hours before the start of trading. 100,000 MAGIC transferred and another wallet before the listing announcement 25 minutes ago $70,000 MAGIC he bought.
The fact that MAGIC has gained a significant amount of value these days, when the bear market is felt most deeply, is on the minds of many investors. “inside trading” brought his claims. According to crypto investors on Twitter, MAGIC will be listed on Binance. a person or group who knows in advance, purchases raised the price and after waiting a while after listing make a profit by selling aimed.
Another reason for the rise in the last month is Coinbase, the leading cryptocurrency exchange in the USA. Coinbase first added MAGIC to its roadmap earlier this month, and a few days later it trade on the platform had started.
MAGIC in the last 24 hour period 59.4% rise lived and at the time of writing from $0.85 is being traded.