Bitcoin and the overall cryptocurrency market has struggled to maintain positive momentum this week due to growing concerns about the Israel-Hamas war and other macroeconomic events, while some altcoins have seen positive divergence from the market.
At this point, investment company GSR Markets, one of the leading market makers, from Binance Hashflow (HFT) took.
This purchase made HFT’This resulted in a positive separation from the market and an increase of over 7%.
lookonchainAccording to his post, GSR Markets received 5.17 million HFT ($1.53 million) from Binance.
With this acquisition, the number of HFTs held by GSR Markets reaches 41.7 million, which currently corresponds to 20% of the circulating supply.
“GSR Markets again purchased 5.17 million HFT ($1.53 million worth) from Binance.
GSR currently holds 41.7 million HFT ($12.5 million) tokens, accounting for 20% of the circulating supply.”
GSR (@GSR_io) accumulated 5.17M $HFT ($1.53M) from #Binance again 1 hour ago.
GSR currently holds 41.7M $HFT ($12.5M), 20% of the circulating supply.https://t.co/IQFwJCfksH pic.twitter.com/E7FdjZ7x94
— Lookonchain (@lookonchain) October 12, 2023
After the acquisition news, it increased by more than 7% and rose to $ 0.323. HFT At the time of writing, it is trading at $0.314.
*This is not investment advice.
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