Giant Market Maker Bought Heavy Altcoin from Binance, Price Increased!
Crypto investment firm DWF Labs transferred approximately 2 million Manta Network (MANTA) tokens worth around 551 thousand dollars from Binance to its staking wallet.
According to the latest data shared by crypto data provider Lookonchain, the giant investment firm DWF Labs recently withdrew 2 million Manta Network (MANTA) tokens from the popular cryptocurrency exchange Binance to its own staking wallet. The total value of the transaction is approximately 551 thousand dollars based on current prices.
This move by DWF Labs attracted the attention of investors following large investments in the cryptocurrency market. The company's withdrawal of tokens from the exchange and transfer to the staking wallet was interpreted as a positive move by the market. Staking is known as a popular method that allows investors to earn additional income by holding tokens for a certain period.
According to CoinGecko data, Manta Network (MANTA) is currently trading at 0.3176 dollars and has experienced a 15.1% increase in the last 24 hours. The token's market cap is approximately 131 million dollars, while its fully diluted market cap is estimated to be around 317 million dollars. The trading volume in the last 24 hours reached 41.2 million dollars.
Manta Network is an innovative blockchain platform that is compatible with the Ethereum Virtual Machine (EVM) and operates with zero-knowledge proof (ZK) technology. It promises privacy, security, and scalability by utilizing Polygon zkEVM and Celestia Data Availability (Celestia DA) solutions.
