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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-activity-sparks-interest-in-altlayers-launchpool-project-on-binance/" data-wpel-link="internal">Whale Activity Sparks Interest in AltLayer’s Launchpool Project on Binance</a><br></p>
<p style="text-align: justify">The giant cryptocurrency exchange <strong><a href="https://en.coin-turk.com/former-binance-ceos-travel-request-denied-amid-legal-troubles/" data-wpel-link="internal">Binance</a></strong>‘s 45th Launchpool project, AltLayer (ALT), is in the news due to whale activity. Designed to accelerate scaling for Web3, AltLayer aims to utilize Blockchain <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> to develop decentralized applications and platforms, and today it came into the spotlight due to a transaction made by a whale-level wallet address.</p> 
<h2 style="text-align: justify" id="strong-whale-invests-3-million-in-altlayer-strong"><strong>Whale Invests $3 Million in AltLayer</strong></h2> 
<p style="text-align: justify"><strong>AltLayer</strong>‘s recent launch has been surrounded by excitement, and a significant transaction has caught the attention of market observers. A whale-level wallet address known as Rochee.eth, starting with 0xd4a…, withdrew 5.5 million ALT tokens from Binance. The wallet address purchased ALT tokens worth $3.054 million at an average price of $0.544 and withdrew them from Binance.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-318648" src="https://coin-turk.com/wp-content/uploads/2024/02/Altcoin-Balina.jpeg" alt="" width="650" height="615"></p> 
<p style="text-align: justify">On-chain data currently shows that the wallet address is the second-largest off-exchange/team ALT wallet address, highlighting the magnitude of this purchase.</p> 
<p style="text-align: justify">What makes this particular withdrawal noteworthy is the wallet address’s long period of inactivity before the transaction. Again, on-chain data reveals that the whale-level wallet address remained inactive for over eight months before suddenly becoming active and withdrawing a large amount of ALT tokens from Binance. Such sudden activity by a major investor has led to various speculations as analysts and investors seek to understand the motivations behind the ALT token transaction.</p> 
<h2 style="text-align: justify" id="strong-whale-transaction-could-boost-interest-in-alt-token-strong"><strong>Whale Transaction Could Boost Interest in ALT Token</strong></h2> 
<p style="text-align: justify">While crypto investors have been waiting for altcoins to make a directional move led by Bitcoin (BTC) in recent weeks, transactions made by whales continue to serve as an indicator of investor sentiment and market trends.</p> 
<p style="text-align: justify">The sudden movement of a wallet address that has been inactive for a long time and now controls assets worth over $3 million, purchasing ALT tokens after an eight-month hiatus, could be seen as an indicator of growing interest in the project and confidence in its future potential. This could, unsurprisingly, lead to a rise in the altcoin’s price.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whale-activity-sparks-interest-in-altlayers-launchpool-project-on-binance/" data-wpel-link="internal">Whale Activity Sparks Interest in AltLayer’s Launchpool Project on Binance</a></h5>

Whale Activity Sparks Interest in AltLayer’s Launchpool Project on Binance

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