Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance
According to cryptocurrency onchain data, major altcoin whales showed interest in a token that was briefly listed on Binance.
According to data provided by cryptocurrency onchain data tracking service Lookonchain, an altcoin began to attract intense interest from whales after news of its listing on Binance came.
The memecoin sudeng (HIPPO) was recently listed on Binance futures, but is not yet listed on the spot market.
HIPPO, the largest memecoin on the SUI ecosystem, has become the target of accumulation for three major crypto whales following the listing news.
The first of these whales, consisting of newly created crypto wallets, purchased HIPPO from decentralized crypto exchanges by withdrawing $143,000 worth of SUI via Binance. The other whale similarly withdrew $141,000 worth of SUI and started saving from memecoin. Finally, the third crypto whale purchased HIPPO by withdrawing $101,000 worth of SUI coins to a fresh wallet via Binance.
Since HIPPO's market value before the announcement was around $100 million, whale purchases are significant in percentage terms.
The HIPPO price has increased by 55% in the last 24 hours. The token is not traded on the spot market on Binance or Coinbase, but can be bought and sold on exchanges such as Kucoin, HTX and Gateio.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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