In a series of notable transactions, altcoin whales took notice. Whales deposited significant amounts of money on Binance, causing significant fluctuations in the prices of various assets. Here are the details…
Wintermute mobilized 9 million CVC
In an eventful day for the cryptocurrency market, Binance has become the center of attention as major players made significant transactions, reshaping the landscape and influencing market prices. Trading giant Wintermute deposited 9 million Civics (CVC) on Binance earlier today, amounting to approximately $2 million, according to tracking by Scopescan on Nov. 18. Following this deposit, CVC price dropped sharply from $0.21 to $0.14.
Whale made a $37 million altcoin transaction
On the same day, Lookonchain reported a significant transaction involving a whale depositing 19,304 Ethereum (ETH), equivalent to $37.16 million, to Binance. This big move occurred just 20 minutes before the tracking report and impacted the overall market sentiment. The market quickly responded to this multimillion-dollar move, increasing volatility and reshaping the trading landscape.
Altcoin address transferred 9.5 million SAND to Binance
The address starting with 0x73b4, which received 10 million SAND from The Sandbox: Genesis address three days ago, made a remarkable move. The Lookonchain tracking system revealed that 9.5 million SAND, equivalent to approximately $3.87 million, had been transferred to Binance just 10 minutes earlier on November 17.
CVX transfer from FTX address
PeckShieldAlert monitoring detected a transaction on November 18 where an address marked FTX transferred 940,000 Convex Finance (CVX) to Binance. The value of this transaction is estimated to be approximately $1 million. These significant transactions by leading market participants not only attracted the attention of Binance, but also triggered significant price movements in the relevant cryptocurrencies. Traders and investors are following these developments closely as they navigate the evolving landscape of the cryptocurrency market.
These whale moves on Binance not only contribute to short-term volatility but also offer a glimpse into the evolving strategies of major players in the crypto space. Investors watch these transactions closely and look for signals that can give insight into potential market trends. The impact of these large transactions resonates across the broader crypto asset landscape, as Binance remains a central hub for cryptocurrency activity. It also encourages market participants to adapt their strategies in response to these dynamic market forces.
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