Spartan Group Moved This Altcoin to Binance! Will it sell? Will the Price Be Affected?

Popular cryptocurrency platform Lookonchain said in its post that Spartan Group deposited 500 thousand DYDX units worth $1.04 million to the Binance exchange.

Accordingly, Lookonchain stated that Spartan Group withdrew a total of 1.24 million DYDX (worth $2.25 million) from Binance between January 13 and June 13 at an average price of $2.04, and said that the company’s DYDX profit was $54,500.

“Spartan Group deposited 500,000 DYDX ($1.04 million) 10 minutes ago.

Spartan Group withdrew a total of 1.24 million DYDX (valued at $2.25 million) from Binnace between January 13 and June 13 at an average price of $2.04.

Spartan Group currently holds 737,623 DYDX (valued at $1.53 million) and its profits are $54.5 thousand.”

Spartan Group deposited 500,000 $DYDX($1.04M) 10 mins ago.

Spartan Group withdrew a total of 1.24M $DYDX ($2.25M) from #Binance from Jan 13 and Jun 13 at an average price of $2.04.

Spartan Group currently holds 737,623 $DYDX($1.53M), and the profit is $54.5K. pic.twitter.com/v2ygMr7HPP

— Lookonchain (@lookonchain) October 2, 2023

DYDX, which is listed on Binance, has increased by 4.2% in the last 24 hours and reached up to $ 2.11.

DYDX, which experienced a 2% decrease from the level of $ 2.11, is traded at $ 2.06 at the time of writing.

While it is considered that Spartan Group most likely sent DYDX to Binance for sale, it is considered that this sale will not have a major impact on the price of DYDX, considering the daily volume of DYDX.

Spartan Group is a leading blockchain investment and advisory firm based in Singapore and Hong Kong.

*This is not investment advice.