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While some altcoins differentiate themselves positively from the market with their rise, there may be various reasons behind these rises. 
While stock market listings generally play a major role in these increases, purchases made in large quantities can have a positive impact on the price. 
At this point, LOOM, which is listed on Binance, attracted attention with its increase of more than 30% in the last 24 hours. 
In his post on his Twitter account, Lookonchain stated that a wallet received 21.42 million LOOM (worth $5.83 million) today. 
While Lookonchain stated that this wallet is suspected to belong to the Upbit exchange, it said that this wallet has 653 million LOOM, which corresponds to 50% of the total supply. 
<blockquote> 
 “LOOM price skyrocketed by nearly 30% today. 
 A wallet suspected to belong to the Upbit exchange received 21.42 million LOOM ($5.83 million) today. 
 “There is currently 653 million LOOM ($181 million) in the wallet, which is 50% of the total supply.” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The price of <a href="https://twitter.com/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LOOM</a> skyrocketed by ~30% today. 
 The wallet suspected of <a href="https://twitter.com/hashtag/Upbit?src=hash&amp;ref_src=twsrc%5Etfw">#Upbit</a> accumulated 21.42M <a href="https://twitter.com/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LOOM</a> ($5.83M) today. 
 And the wallet currently holds 653M <a href="https://twitter.com/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LOOM</a> ($181M), 50% of the total supply.<a href="https://t.co/oergGUqAgo">https://t.co/oergGUqAgo</a> <a href="https://t.co/TO9ZqSCw64">pic.twitter.com/TO9ZqSCw64</a> 
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1712735400782139486?ref_src=twsrc%5Etfw">October 13, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
LOOM, which rose to $0.294 with its rise, is traded at $0.272 at the time of writing. 
<img decoding="async" class="alignnone size-full wp-image-124472" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/10/LOOMUSDT_2023-10-13_10-56-54.png" alt="" width="1256" height="1087"> 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/this-altcoin-diverged-positively-from-the-market-with-its-30-percent-rise-is-south-korea-the-source-of-the-rise/">This Altcoin Diverged Positively from the Market with its 30 Percent Rise! Is South Korea the Source of the Rise?</a>

This Altcoin Diverged Positively from the Market with its 30 Percent Rise! Is South Korea the Source of the Rise?

Bitcoin Sistemi EN

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