The cryptocurrency market remains under pressure. Although the US CPI data coming in above expectations is effective in this, there are deeper problems. In particular, regulatory pressure and events that lead to loss of confidence in the market prolong the bear market. This causes investors to move away from the market. However, there are new entrants to the market. A new whale is hoarding an altcoin project that Turks are also interested in, The Data Nerd, an on-chain analytics platform, reported.
A new whale is targeting this altcoin, the price is rising!
cryptokoin.comAs you follow from , there is a pessimistic atmosphere in the crypto market. The optimistic environment that developed with the spot Bitcoin ETF applications of giant institutions is left behind for now. Leading cryptocurrency Bitcoin lost its critical $27,000 support. Most major altcoins are also struggling in the red zone. However, some crypto whales see price declines as a buying opportunity. On-chain analytics platform ‘The Data Nerd’A new wallet is collecting Open Campus Protocol (EDU) from Binance, reports . The analytics platform records that the average cost of the new wallet, which has been saving for about 1 week, is 0.406. In this context, The Data Nerd, social media platform X accountnHe shared the following:
Since October 5, a new wallet 0x20c has withdrawn a total of 5 million EDU ($2 million) from Binance at an average of $0.406. Moreover, EDU price continued to trend sideways in the last few days.
The altcoin price started to rise on the daily time frame. At press time, EDU was trading at $0.4053, up 2.6% on a daily basis. However, the token lost 5.93% value on a weekly basis. This shows that the whale continues its purchases to reduce costs, considering that it has been purchasing since October 5. The Data NerdThe average cost of a new whale is currently $0.406, reports . This means that it is still at a loss.
A brief look at Open Campus Protocol (EDU)
The altcoin project is a decentralized solution for educators, content creators, parents, students, and partner publishers designed to address major challenges faced in education today. Despite the critical role of educators in shaping the next generation, they are often undervalued. As a result of this, low wages are paid. In addition, parents often lack control over their children’s educational content.
Open Campus Protocol uses Blockchain technology to create a more equitable education system. So, this is a community-driven initiative that leverages the power of technology. Open Campus Protocol decentralizes the creation and distribution of educational content, giving students access to more diverse educational content while providing new opportunities for educators to earn income and be recognized for their contributions. The ultimate goal of the altcoin project is to give control back to educators and students. Thus, revolutionizing the Education sector worth 5 trillion dollars.
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