While the large sale made by the cryptocurrency whale on an altcoin caused a decrease in the price, the following 2 different purchase transactions did not go unnoticed.
Luggis.eth A cryptocurrency whale named recently worth 1 million dollars It came to the fore with altcoin buying and selling. Reported by on-chain analysis platform Lookonchain to data according to 10 December luggis.eth, the cryptocurrency exchange that took action on the day Binance through 10 thousand ILV worth $1.08 million sold.
With the effect of heavy sales, ILV increased in a short time. lost 4% value. But the whale’s operations were not limited to this. Luggis.eth was removed from Binance approximately 1 hour after the sale transaction. 425 thousand dollars worth 300 Makers (MKR) And 620 thousand dollars worth 154,595 Synthetix Network (SNX) He took it into his own wallet.
From these transactions, it was interpreted that the whale saw a higher potential in MKR and SNX in the coming period and therefore moved his investment in this direction.
According to CoinGecko data, ILV has increased in the last 24 hours. down 11% to $99.83 MKR declines down 5% to $1,345 and SNX Up 5% to $4.28 came.