The crypto money market started the new year with a new excitement after 2022, which was bad. The market, which rallied strongly in January, lost altitude in February. The price drop in Bitcoin and altcoin projects seems to have caught the attention of whales. The biggest Binance whale bought millions of Zilliqa (ZIL) tokens that he had his eye on.
Binance whale has ZIL on its radar!
cryptocoin.comAs you follow, whales are back in the waters after the market pullback. Big wallets are hoarding the tokens of altcoin projects they’ve been eyeing to turn price drops into opportunities. According to whale watching platform WhaleStats, a Binance whale named ‘Martian Manhunter’, which ranks first among the whales under its watch, has purchased 54,000,000 ZIL tokens worth $1,504,101. Whales frequently accumulate tokens in response to positive fundamentals, often during periods of bearish or consolidation.
The whale’s preference for Zilliqa (ZIL) seems to be related to an event that is planned to happen in the near future. Because on March 31, 2023, the official launch of WEB3WAR, the first-of-its-kind multiplayer first-person shooter built on Ziliqa, is expected.
WEB3WAR is a fully cross-play and cross-progress shooter for PC, Mac, Linux and mobile with inventory assets secured by Zilliqa Blockchain. Zilliqa shared the following on Twitter regarding this development:
The latest version of WEB3WAR is out! Beta v0.18 brings a host of visual optimizations, gameplay improvements and new UI features.
According to a Twitter announcement, the official launch of WEB3WAR v1.0 will take place on March 31, 2023. On February 9, Ziliqa Gaming announced the release of WEB3WAR beta v0.18, which brings various visual optimizations, gameplay improvements and new UI features. On the other hand, Hong Kong-based Brinc and Zilliqa, a global startup accelerator, signed an agreement to increase startup speed in the Web3 space.
Altcoin price action
Zilliqa hit $0.03 on Jan. 16 after an impressive start to the year. However, it soon moved into the consolidation phase. At press time, ZIL was trading at $0.02766, down 2.7% on a daily basis. The altcoin hit an all-time high of $0.2563 on May 6, 2021. Currently, ZIL stands 89% below its peak.
Range trading is aiming to continue as the daily RSI is at the neutral 50-midpoint, according to analysts. A sustained break above the $0.03 mark could change the neutral outlook. On the other hand, further declines could meet support at $0.023.
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