SatoshiVM

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-transactions-following-savm-price-drop-amidst-apeterminal-and-macnbtc-conflict/" data-wpel-link="internal">Whale Transactions Following SAVM Price Drop Amidst ApeTerminal and MacnBTC Conflict</a> 
The events triggered by the ongoing conflict between ApeTerminal and MacnBTC caused the price of SAVM to drop by over 30%. Despite the decline, data on the chain revealed interesting actions by two whales who chose to acquire more SAVM but suffered significant losses. 
<h2 style="text-align: justify" id="whale-transactions-after-the-price-drop-of-altcoin-savm">Whale Transactions After the Price Drop of Altcoin SAVM</h2> 
Following the significant price drop, two whales made strategic moves and took an active role in the SAVM market. Despite the drop, these efforts resulted in a significant loss of $1.33 million for SAVM. Here is a summary of the two whales’ transactions. 
Transactions of Whale 0xe939: 
<ul style="text-align: justify"> 
 <li>Purchase: 24,940 SAVM for 200,000 <a href="https://en.coin-turk.com/impending-shift-in-the-crypto-market-banks-poised-to-challenge-tethers-dominance/" data-wpel-link="internal">USDT</a> at $8.02 each, two hours ago.</li> 
 <li>Total Accumulation: 118,187 SAVM at an average of $12.27.</li> 
 <li>Current Loss: Approximately $617,000 with a 43% loss.</li> 
</ul> 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-307115 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/balina-savm-cointurk.jpg" alt="" width="1576" height="1138"> 
Transactions of Whale 0x0c00: 
<ul style="text-align: justify"> 
 <li>Purchase: 7,543 SAVM for 50,000 USDT at $663 each.</li> 
 <li>Total Accumulation: 193,676 SAVM at an average of $10.84.</li> 
 <li>Current Loss: Approximately $716,000 with a 34% loss.</li> 
</ul> 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-307116 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/savm-balina-cointurk.jpg" alt="" width="1448" height="1260"> 
<h2 style="text-align: justify" id="understanding-whale-actions-and-savm-dynamics">Understanding Whale Actions and SAVM Dynamics</h2> 
Despite the negative market conditions created by the ApeTerminal and MacnBTC conflict, whales 0xe939 and 0x0c00 chose to increase their SAVM holdings. However, strategic purchases resulted in significant losses at current price levels. 
These transactions shed light on the risk tolerance and confidence levels of these whales operating in volatile market conditions. The losses experienced underscore the unpredictability of market dynamics and the challenges even experienced investors face in mitigating risks during turbulent periods. 
<h2 style="text-align: justify" id="what-caused-the-conflict">What Caused the Conflict?</h2> 
MacnBTC accused Ape Terminal of fraud in the recent SatoshiVM IDO, claiming that all 210,000 SAVM tokens were allocated to Ape Terminal team members, bypassing the participant pool. 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-307117 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/savm-iddia-cointurk.png" alt="" width="728" height="535"> 
Ape Terminal vehemently denied these allegations, claiming that MacnBTC profited from token sales. As both sides made accusations, the debate deepened, further muddying the waters surrounding the token launch. 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-307118 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/iddia-savm-cointurk.png" alt="" width="759" height="534"> 
<h2 style="text-align: justify" id="implications-for-savm-investors-and-the-crypto-community">Implications for SAVM Investors and the Crypto Community</h2> 
SAVM investors and the crypto community should consider the recent events surrounding the conflict and the subsequent price drop. The reactions of whales to market fluctuations reveal the complexity of decision-making processes in the crypto space. 
As the crypto world expands, monitoring the outcomes of conflicts and the responses of influential market participants can provide valuable insights. The SAVM scenario serves as a reminder of the importance of risk management and comprehensive analysis, even for experienced investors. 
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-307123 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/savm-cointurk.png" alt="" width="1563" height="798"> 
In conclusion, the SAVM price drop triggered by the conflict between ApeTerminal and MacnBTC led to strategic responses from whales 0xe939 and 0x0c00. Despite increasing their holdings, the ongoing losses highlight the complex nature of the crypto markets. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-transactions-following-savm-price-drop-amidst-apeterminal-and-macnbtc-conflict/" data-wpel-link="internal">Whale Transactions Following SAVM Price Drop Amidst ApeTerminal and MacnBTC Conflict</a></h5>

Whale Transactions Following SAVM Price Drop Amidst ApeTerminal and MacnBTC Conflict

목차

COINTURK NEWS

2024년 1월 25일에 게재된 다른 기사

OpenSea NFT Marketplace Disables Ledger Connect Amid Ledger Connect Security Breach

Investors Face a Challenging January in the Crypto Market

Crypto Wallets Drained Off $600K Due To Ignored Phishing Attack

IRS Expands Tax Net: More Crypto Transactions Under Scrutiny in 2023

Harga Bitcoin Anjlok 20 Persen, Ini Pendapat Trader Tokocrypto Fyqieh Fachrur

Ongoing Bitcoin Declines ‘One of The Most Aggressive,’ Harsher Dips Expected as BTC Targets This ...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!