Mask Network (MASK), a platform that allows users to send and share encrypted messages, posted a 30% rise in the relatively stagnant cryptocurrency market.
In these days when Bitcoin (BTC) and altcoins in general exhibit stable movements, Mask Network’s local token MASK, An increase of more than 30% caught his attention. MASK, which started to rise at noon yesterday, 3.23 dollar with a sharp rise from 4.29 dollar reached levels.
In general, while the crypto money market was having its lowest volume days in 2023, investors were wondering why MASK was on the rise with such an increase in volume.
Why is MASK Rising?
Shared by the on-chain data and analytics platform Lookonchain in the shipmenta whale through multiple addresses $15 million from 4 different exchanges, including Binance worth 3.6 million MASK said to have taken.
When the previous movements of the whale are examined, the price of MASK found to have an important place.
According to the information received, when the whale withdraws MASK from the stock markets, the price rises. drop in price when transferred is happening.
On the other hand, it was determined that the whale was a South Korea-based Upbit user. As MASK will be listed on Upbit today, experts say the whale will sell on the stock market is thinking.
According to CoinGecko data, at the time of writing, MASK from $3.82 is being traded.