Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Watch Out: Major Cryptocurrency Whales Start Hoarding the Altcoin Recently Listed on Binance

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

BitcoinsistemiBitcoinsistemi2024/11/14 07:22
By:Mete Demiralp

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.

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.

5

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!