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Top crypto investors are buying large amounts of this cryptocurrency on Binance

Top crypto investors are buying large amounts of this cryptocurrency on Binance

Cryptodnes2024/06/11 15:43
By:Cryptodnes

According to Lookonchain, a blockchain analytics company, large investors, including institutional ones, are accumulating large amounts of altcoins on a decentralized exchange (DEX).

New wallets accumulate GMX (GMX) , a DEX token that runs on the blockchain Arbitrum (ARB) и Avalanches (AVAX) , providing spot and leveraged trading services, Lookonchain claims.

These subjects together acquired more than $15 million worth of GMX from Binance, analysis shows.

"Over the past 7 denas, its price has risen by about 6% as whales and institutions buy GMX”, explain the company.

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At the time of writing, GMX is now trading at $37.63, down 3.60% in the last 24 hours.

Lookonchain has also discovered another major holder who adjectives by Kraken meme the cryptocurrency Pepe (PEPE) .

The whale in question netted 231,6 billion PEPE ($2.9 million), the exchange confirmed.

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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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