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<p>A whale wallet with the address 0x3996d5a6c1716712b20a72039a85bd620dd12b45 has accumulated a substantial position in Wall Street Memes (WSM) tokens over the past month. According to on-chain <a href="https://platform.spotonchain.com/en" target="_blank" rel="nofollow">data </a>analytics site Spotonchain, this whale wallet recently withdrew 440.39 million WSM tokens, worth $3.11 million at the time, from cryptocurrency exchange OKX.</p> 
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<p>This withdrawal came after the whale accumulated these tokens during a significant 50.68% price drop in WSM over the past month. Additionally, over the past 6 days, the whale wallet received an extra 36.155 million WSM tokens, worth $223,300, from three separate wallets.</p> 
<p>Currently, the whale holds a total of 476.5 million WSM tokens in their wallet, worth $3.36 million based on the latest price. This represents an unrealized gain of $13,690 (+0.44%) on their overall WSM position.</p> 
<h2 class="wp-block-heading" id="wsm-price-action">WSM Price Action</h2> 
<p>The price of WSM is currently<a href="https://coinmarketcap.com/currencies/wall-street-memes/" target="_blank"> $0.006866</a>, down 2.14% in the last 24 hours according to CoinMarketCap. WSM saw its all-time high of $0.07971 on September 30, 2023, and is now 91.39% below this peak.</p>  
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<p>The massive accumulation and subsequent unloading of over 440 million WSM tokens by this whale wallet signals a potential lack of confidence in near-term price appreciation. Besides, other WSM investors may follow suit in taking profits or limiting exposure after this month’s steep losses.</p> 
<p>The token’s 2.14% decrease in price over the past day underscores the often shifting nature of the cryptocurrency market. Therefore, caution is recommended, particularly as the wider cryptocurrency market is trending upwards.</p> 
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<p>The post <a href="https://captainaltcoin.com/whale-accumulated-massive-amount-of-wall-street-memes-wsm/">Whale Accumulated Massive Amount of Wall Street Memes (WSM)&nbsp;</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Whale Accumulated Massive Amount of Wall Street Memes (WSM)

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