On November 7, COINOTAG News reported a significant transaction in the cryptocurrency market as a whale identified by the address 0xB47 deposited approximately 4.071 million COW tokens, translating to about $2.08 million, into Binance. This wallet’s ownership is speculated to be linked to a team member or an early investor in the project. Should this wallet indeed belong to an early investor, they stand to gain approximately $1.14 million, considering the Initial Coin Offering (ICO) price was set at $0.23 per token. Such substantial movements of tokens by whales often indicate underlying market trends and can influence investor sentiment in the ever-evolving cryptocurrency landscape.
Source: https://en.coinotag.com/cow-token-whale-deposit-2-08-million-moves-to-binance-potential-1-14-million-profit/