According to data from on-chain analysis companies, remarkable transactions took place in the cryptocurrency market.
A wallet transferred 12 million BIO tokens (approximately $3.78 million) to Binance in the last hour. This same address had withdrawn 15 million BIO from Binance five months earlier for just $850,000.
At the time, the BIO price was $0.057, but by the time of the last transfer, it had risen to $0.315. This resulted in a 4.5x profit for the investor. Furthermore, the same address had withdrawn another 4.8 million BIO (approximately $1.53 million) from the unlock contract shortly before the transfer.
BIO price has increased by 108% in the last week.
Meanwhile, recent moves by an address that generated $5.16 million in profits during the LUNA/UST crash have drawn attention. According to on-chain analyst Ai Yi, this address recently downsized its portfolio and sold 1,363 ETH and 30 WBTC. The total amount of the transaction was recorded as $9.79 million, with a profit of $1.09 million.
The address in question had previously made a profit of $7.29 million from BTC and WBTC purchases and $4.9 million from Ethereum purchases.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/a-whale-emerged-in-one-of-the-most-talked-about-altcoins-of-the-last-24-hours-it-sold-big/