Cryptocurrency Investors are having a tough week. On the one hand, the rise in the dollar index Powell’s Falcon statements and a series of news that lowered the risk appetite inside caused Bitcoin to fall below $22,000 again.
While sales in Bitcoin increase the pressure on altcoin investors, there are developments that may reduce risk appetite for some altcoins.
According to data from Lookonchain, which examines on-chain movements, a large amount of coins were unlocked in two altcoins today and these altcoins were moved to exchanges.
MATIC
A Matic whale recently had 50.27 million of MATIC unlocked it. The current value of these MATICs is approximately $53.7 million.
Whale sent 26.5 million of these MATICs to Binance.
Between July 6, 2021 and September 5, 2022, Whale purchased 153.4 million MATICs via Binance ce Cryptocom. The average cost was 1.16. This shows that the whale’s MATICs are at a loss of 8%.
GMT
Based on in-chain data step recently unlocked 61.2 million GMT ($20.6 million). unlocked GMTs It was sent to the advisors, the team and the venture capital firm that was among the early investors.
According to Lookchain data, 9.67 million GMT ($3.25 million) was transferred from 5 addresses to Binance shortly after the locks were opened.
Note: Although sending an altcoin to the stock market is a signal to warn investors, this altcoins It is not certain that it will be sold immediately. It is not possible to trade based on this data alone.
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