Crypto News: Six New Cryptocurrency Whales Acquire Millions in Altcoin from Binance, Sparking Price Surge
As Bitcoin and altcoin markets show signs of bullish momentum, institutional investors and whales are seizing the opportunity to accumulate assets. Lookonchain recently revealed that six new wallets have acquired a total of $15.3 million worth of the altcoin GMX in just two days.
The price of GMX has surged by approximately 24% following this significant accumulation by whales and institutions. Currently trading at $43.8, GMX reached a high of $46 in the past two days.
In addition to the influx of new whale wallets in the altcoin market, Bitcoin whales are also actively accumulating assets, as reported by CryptoQuant data. Long-term Bitcoin investors and whales are showing strong interest in purchasing large quantities of BTC.
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