This Altcoin Departed Positively From The Market With Its 30 Percent Rise! Is South Korea the Source of the Rise?

Some altcoins While it differentiates itself positively from the market with its rise, there may be various reasons behind these rises.

While stock market listings generally play a major role in these increases, purchases made in large quantities can have a positive impact on the price.

at this point Binancelisted in LOOM It attracted attention with the increase exceeding 30% in the last 24 hours.

lookonchain In his post on his Twitter account, he stated that a wallet received 21.42 million LOOM (worth 5.83 million dollars) today.

Lookonchain this wallet upbit While stating that it is suspected to belong to the stock exchange, he said that this wallet has 653 million LOOM, which corresponds to 50% of the total supply.

“LOOM price skyrocketed by nearly 30% today.

A wallet suspected to belong to the Upbit exchange received 21.42 million LOOM ($5.83 million) today.

The wallet currently contains 653 million LOOM ($181 million), which is 50% of the total supply.”

The price of $LOOM skyrocketed by ~30% today.

The wallet suspected of #Upbit accumulated 21.42M $LOOM ($5.83M) today.

And the wallet currently holds 653M $LOOM ($181M), 50% of the total supply.https://t.co/oergGUqAgo pic.twitter.com/TO9ZqSCw64

— Lookonchain (@lookonchain) October 13, 2023

With the increase it experienced, it reached up to $ 0.294 LOOMis trading at $0.272 at the time of writing.

*This is not investment advice.