Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance

CoinMarketCap

14 Nov 2024

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.

Related News: Another Good News for Bitcoin and Cryptocurrencies - BTC-Friendly Name Appointed to a Very Critical Position in the US

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.

Continue Reading: Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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. 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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.\nSince HIPPO's market value before the announcement was around $100 million, whale purchases are significant in percentage terms.\nThe 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.\n*This is not investment advice.\n Continue Reading: Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}