The Big Whale Sends These Two Altcoins Plummeting – Major Price Drop
Onchain data revealed that crypto whales made a large number of new transactions today.
First, a crypto whale wallet address withdrew 1.29 million ZKJ and 8,667 KOGE tokens as binary liquidity via OKX and then immediately sold them.
It was observed that the total value of the ZKJ tokens sold was $3.1 million, and the total value of the KOGE tokens was $550,000.
Following the developments, ZKJ lost approximately 80% of its value in the last 24 hours, while KOGE lost approximately 50%.
In addition, other whale activity over the past 24 hours has also yielded some interesting results. According to the data, a crypto whale withdrew 15.15 million ENA tokens worth $4.48 million via Bybit.
On the other hand, an ancient ETH whale that participated in Ethereum’s initial coin offering (ICO) event showed vital activity for the first time in almost 10 years, moving 0.002 ETH worth $5. This whale had purchased 2,000 ETH at the ICO event for $622, the value of these coins is around $5.05 million at the time of writing.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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