According to cryptocurrency onchain data, a newly created cryptocurrency wallet purchased a large amount of tokens on Binance.
According to the data, the crypto whale in question transferred 30 million Bubblemaps (BMT) tokens worth $5.23 million to his own wallet via Binance. With an average transaction of $0.174, this whale became the largest investor in BMT tokens.
This wallet made a test buy when the token was at $0.2141 and transferred the funds to its own wallet three days ago. At the time of writing, BMT is trading at $0.1766.
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However, it seems that this whale’s purchase did not positively affect the BMT token price. BMT has fallen by 2.42% in the last 24 hours.
The token, which runs on the Solana network, is an altcoin launched by the Bubblemaps onchain analysis platform and recently received a $7 million investment as a company.
The altcoin, listed on Binance, is not yet traded on Coinbase.
*This is not investment advice.
Continue Reading: Huge Cryptocurrency Whale Bought Massive Amount of This Altcoin on Binance: Becomes the Biggest Owner
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