Million

Coin

<ul class="news-points"> 
 <li>Lookonchain reported this morning that a whale transferred more than 700 million JASMY to Gate.io.</li> 
 <li>At press time, JASMY was trading at $0.0004454 following a 0.49% price rise.</li> 
 <li>JASMY’s price could fall in the next few days as a bearish pattern has formed on its daily chart.</li> 
</ul> 
The on-chain analytics form, Lookonchain, revealed in a tweet earlier today that a whale has transferred millions of <a href="https://coinedition.com/tag/jasmycoin-jasmy/">Jasmy Coin (JASMY)</a> to an exchange. According to the post, a whale who calls himself “Jasmy Deployer” deposited more than 700 million JASMY, worth around $3.43 million, to Gate.io just a few hours ago. 
This particular whale is a big player in the crypto space as it held almost 5% of JASMY at the start of June. As such, any move made by the whale may be reflected in the price of the altcoin. 
There could be a price drop in the near future for JASMY as the whale may look to offload some of its holdings. If this transfer is related to market making, however, then the possible price descent may not be too drastic. 
Meanwhile, CoinMarketCap indicated that JASMY was one of the few cryptos that was able to see its price rise over the past day of trading. At press time, the …
The post <a rel="nofollow" href="https://coinedition.com/jasmy-faces-price-drop-as-whale-deposits-700-million-tokens/">JASMY Faces Price Drop as Whale Deposits 700+ Million Tokens</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

JASMY Faces Price Drop as Whale Deposits 700+ Million Tokens

Coin Edition

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