A newly emerged crypto investor has made a significant withdrawal of $120 million worth of various altcoins from the Binance exchange. The transaction was discovered through an analysis conducted by Lookonchain, a cryptocurrency analysis firm.
The identity of the investor remains unknown, but the analysis revealed the specific altcoins that were purchased and the corresponding amounts. The list includes 40.7 million USDT, 9,425 ETH ($30.15 million), 957.77 billion PEPE ($9.84 million), 583.78 billion SHIB ($9.68 million), 16,192 BNB ($9 million), 58.15 million DOGE ($6.95 million), 438,721 RNDR ($3.17 million), 5.18 million MATIC ($2.81 million), 3 million FTM ($1.59 million), 9.49 billion FLOKI ($1.56 million), 104,128 LINK ($1.5 million), 840,776 FETs ($1.06 million), 39,141 AVAX ($1.05 million), and 2.76 million GRT ($556 thousand).
Interestingly, despite the large purchase, there was no significant increase in the value of these altcoins. In fact, in the last 24 hours, all altcoins, except for ZK and WLD, among the top 100 cryptocurrencies, have experienced a decline in value. This includes Bitcoin, the largest cryptocurrency, which saw a drop of approximately 3.5% during the same time period.
As a result of this decline, the total market value of the entire cryptocurrency industry has decreased by 3.53% today, reaching a total of $2.22 trillion.
Please note that this article does not provide investment advice. If you are interested in investing in cryptocurrencies, you can consider registering with the Binance exchange, which offers a 20% commission discount.
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