"Whale Investor Withdraws 10 Million Peanut (PNUT) from Binance... Approximately 8.9 Billion KRW"
Minseung Kang
- It was reported that a whale investor withdrew Peanut worth 6.1 million USD.
- This withdrawal accounts for 1% of the total token supply.
- After the whale investor's withdrawal, the price of PNUT rose by more than 10%.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Image = Peanut X Capture
A whale investor has reportedly withdrawn 10 million Peanut (PNUT) from Binance.
On the 30th, blockchain data analysis firm Lookonchain reported on X (formerly Twitter) that "a whale investor withdrew 10 million PNUT at around 11 AM (Korean time) today." This amounts to 6.1 million USD (approximately 8.9 billion KRW), accounting for 1% of the total token supply.
Peanut has gained attention recently following a mention by Elon Musk, CEO of Tesla. Last month, Musk stated on his X, "Squirrels and memecoins saved America."
On this day, the price of PNUT is trading at 0.6945 USD on the Binance USDT market, up 10.43% from the previous day.
It is generally known that the more a specific coin is withdrawn from a cryptocurrency exchange, the higher the possibility of its price rising.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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