Altcoin on Binance Soars More Than 100 Percent Today – A Whale Moves Tokens to Exchange After Rally

A CyberConnect (CYBER) whale transferred 205,547 CYBER altcoins worth approximately $1.43 million to cryptocurrency exchange Binance an hour ago.

The transaction was conducted by Wintermute Trading, a market maker and liquidity provider for digital assets.

The whale’s address 0x08E028268A85B8B0DD881CFA1E5D9C731863BE7C received 225.673 CYBER altcoins from CyberConnect Multisig address 0x36F405D5F2A228B755CFB5191FCB0EBa1B55F497 on August 23. At that time, the tokens were worth $916,000.

CYBER was recently launched via Binance Launchpad.

Prior to the latest transfer to Binance, the whale had moved a total of 20,126 CYBER tokens worth $77,700 off the exchange in two separate transactions. The first was a deposit of 11,766 CYBER tokens to Binance on August 24, when the price was $4.02 per token. The second was the transfer of 8,360 CYBER tokens to another address on August 29. The last address then distributed its assets to 45 addresses before the pump.

The price of CYBER has increased by more than 100% in the last 24 hours, reaching an all-time high of $8.03 per token.

*Not investment advice.