On November 16th, COINOTAG News reported that prominent on-chain data analyst Yu Jin identified significant activity from a whale address withdrawing 3.848 million PNUT from Binance. This transaction, valued at approximately $7.12 million, occurred at an average price of $1.85. This development highlights ongoing interest in cryptocurrency trading among substantial investors.
Furthermore, the same whale address previously allocated $6.1 million to purchase 10 million GOAT tokens, achieving an average acquisition cost of $0.61 per token. This strategic investment has resulted in an unrealized gain of $5.5 million, reflecting a remarkable 90% increase in value. Such movements underscore the significant volatility and profit potential within the crypto market, making ongoing monitoring essential for traders and investors alike.
Source: https://en.coinotag.com/breakingnews/whale-moves-3-848-million-pnut-withdrawn-from-binance-amid-surge-in-goat-assets/