Large-scale Cryptocurrency Investors Shift Positions Prior to Weekend (September 19th), as per LookOnChain Reports
The cryptocurrency market remains active, with significant transactions occurring across various projects. One of the most notable movements was made by a whale with address 0x60F3, who bought 3.59 million ASTER worth approximately IDR 34.8 billion ($2.11 million) and withdrew them from the Aster exchange within an hour. This move by the whale suggests an accumulation strategy for ASTER, indicating a long-term belief in its price potential.
Interestingly, the same whale had deposited 20.92 million APX into Aster two days earlier. However, a day later, the whale withdrew 10.75 million USDT from Aster, at an average price of $0.514 per APX. This suggests a profit-taking strategy after the APX price moved in line with expectations.
Meanwhile, another whale, with address HsYrgw, purchased 11,233 SOLs worth approximately IDR 45.4 billion ($2.75 million) in the last hour. The activity of this whale indicates great confidence in Solana's prospects. In fact, LookOnChain data on September 19 recorded a multimillion-dollar additional purchase of Solana. The market cap of Solana stands at Rp 2.179 Triliun, while its trading volume is Rp 146,48 Triliun.
The cryptocurrency market has been enlivened by major whale maneuvers, including a large purchase of Solana, a withdrawal of ASTER tokens, and a massive sell-off of APX. A whale with address 0xD3DA sold 20.92 million APX worth approximately IDR203.9 billion ($12.3 million).
It's important to note that the circulating supply of Solana is Rp 543.034.025, while the details of the Aster ecosystem, including its current price, market cap, and trading volume, are not provided in the given paragraph.
The trading of APX on the Aster ecosystem was the focus of the transaction mentioned. However, in the last 24 hours, no specific institution or person has been reported to have sold APX tokens worth around 12.3 million US dollars according to the available search results.
The cryptocurrency market is known for its volatility, and it's essential for investors to be aware of the risks associated with trading. The disclaimer reminds readers of the risks, emphasizing the importance of doing one's own research and using cold cash before investing.
In conclusion, the crypto market is witnessing some significant movements, with whales making strategic decisions that could impact the prices of various tokens. Investors are advised to stay informed and make decisions based on thorough research.
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