Holo

Lido DAO

Illuvium

Read

<p class="is-style-lead">Data shows that three whales have made sudden moves on three different and rarely seen platforms — Lido DAO (<a href="https://crypto.news/price/lido-dao/">LDO</a>), Illuvium (ILV), and Holo (HOT) — despite the downtrend in the broader crypto ecosystem.</p>



<p>According to the market intelligence platform Santiment, these sudden moves usually show that investors “may not be paying attention to” some smaller altcoins that might potentially rise. The insights show that all three of these transactions were sent by/to non-exchange wallets.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/montenegrin-high-court-revokes-bail-for-do-kwon-and-former-cfo/" class="cn-block-related-link__link">
            Montenegrin high court revokes bail for Do Kwon and former CFO        </a>

    
</div>


<p>Moreover, the largest altcoin transaction, per Santiment’s data, belongs to the LDO token, worth roughly $36.4 million. The move comes as the LDO supply on exchanges has been plunging since May 9, and currently sits below 6%.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="1186" height="1112" src="https://crypto.news/app/uploads/2023/05/Screenshot-2023-05-25-at-14.19.24.png" alt="Whales make sudden multi-million dollar moves on Lido DAO, Illuvium and Holo - 1" class="wp-image-14161424"><figcaption class="wp-element-caption">Source: Santiment on Twitter</figcaption></figure>



<p>As the major transaction comes in, LDO’s price has also shown bullish momentum. The asset is up by 3.75% in the past 24 hours, trading at $2.04 at the time of writing. LDO’s 24-hour trading volume has also risen by 81% and currently sits above the $70 million mark.</p>



<p>Furthermore, the second-largest transaction occurred on the Illuvium network — around 297,500 tokens worth roughly $14 million. According to Santiment’s data, ILV’s price has consistently dropped from $106 in February to $47.</p>



<p>The market intelligence platform believes that ILV might have reached its bottom line as “the on-chain transaction volume for the ILV network has skyrocketed.”</p>



<p>Last but not least, the third-largest transaction belongs to the peer-to-peer (P2P) Holo network’s native token, HOT. Per Santiment, a <a href="https://crypto.news/crypto-whale-goes-long-on-eth-hinting-at-possible-price-jump/">whale</a> has moved a whopping $12.7 million worth of HOT coins.</p>



<p>Unlike the ILV token, this is not the first significant whale move for the Holo network, as there have been, according to Santiment, many similar transactions.</p>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/crypto-will-never-go-mainstream-in-current-world-order-renowned-hacker-claims/" class="cn-block-related-link__link">
            Crypto will never go mainstream in current world order, renowned hacker claims        </a>

    
</div>

Whales make sudden multi-million dollar moves on Lido DAO, Illuvium and Holo

crypto.news

Otros artículos publicados el 25 may 2023

Fox News Alleges SEC Chairman Gensler’s Cryptocurrency Move

Henry Chang’s 16th WEMIX Purchase Announcement

Poker ZooGenes Hold’Em, a ZooGames-Exclusive Project

From Web2 to Web3: Cryptopia and the Evolution of RPGs

CORAL(COR) Joined the IMO of REFLECT (RFT) Alliance

Game Boy to serve as hardware wallets thanks to Game Wallet

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!