Alchemix

Rally

Pyth Network

<p>The Alchemix token ALCX gained nearly 12% in one hour according to an X crypto alert page from <a href="https://twitter.com/cryptowise_fin/status/1761013439810388419" target="_blank" rel="noopener noreferrer nofollow">@cryptowise_fin</a>. The account noted it was the largest 1-hour gain for ALCX in at least one year.</p>
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<p><strong>Large Whale Purchases Precede Rally</strong></p>
<p>Further details on the price surge came from <a href="https://twitter.com/BinanceWhalesAI/status/1761005455139328508" target="_blank" rel="noopener noreferrer nofollow">@BinanceWhalesAI</a> which tracks large trades on Binance in real-time. According to the bot, a series of large ALCX buys totaling $702,618 occurred over a 15 minute stretch.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="768" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-1024x768.png" alt="" class="wp-image-442924" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-1024x768.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-300x225.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-768x576.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-1536x1152.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-2048x1536.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-200x150.png 200w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-100x75.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-467x350.png 467w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882-788x591.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-882.png 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The buying pressure pushed the ALCX price up 10.34% during the period. @BinanceWhalesAI noted the purchases were one of the biggest whale activities for the pair in the last 24 hours.</p>
<p><strong>Conclusion</strong></p>
<p>The simultaneous automated alerts indicate ALCX’s double-digit price jump was likely driven by coordinated large-scale purchases on Binance. Whale buying frenzies often kick off fast rallies for smaller cryptocurrencies before some investors take profits. However it remains to be seen whether this pump has longer-term momentum.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-alchemix-alcx-price-surging/" rel="noopener noreferrer nofollow">Why Is Alchemix (ALCX) Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Alchemix (ALCX) Price Up?

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