The whale that transferred a large amount of MASK tokens to the Binance exchange caused a 17% decline in the markets.
Cryptocurrency markets continue to be seriously affected by whale movements. Recently, according to data shared by Lookonchain, a large investor (whale) transferred 756,766 MASK (MASK) tokens to the Binance exchange. During this transaction, the whale incurred a loss of approximately $366,000, and the total value of the transfer was around $2.1 million.
A sudden and sharp drop in the price of MASK token was observed following the large sale. After this transaction, MASK lost 17% of its value in a short time, surprising investors and redirecting attention back to whale movements.
Large transfers and sales made in the crypto markets can have a direct impact on prices. In this case, the sale made by the whale led MASK investors to panic sell, causing the price to drop dramatically.
Stay tuned for new developments.
