In a surprising turn of events, a notable Ethereum (ETH)-based gaming altcoin, ImmutableX (IMX), witnessed a remarkable 20% surge in its price. The surge coincided with a significant move by a crypto whale who withdrew a substantial amount of IMX tokens from Binance, according to on-chain data provided by Lookonchain.
Whale's Move Sparks IMX Rally
Three wallets, believed to be associated with the same whale, collectively withdrew 4.3 million IMX tokens, equivalent to $9.6 million, from Binance on Monday. The identified whale now controls six related wallets, holding a total of approximately 40.54 million IMX tokens, valued at $90.8 million.
As of the latest data, IMX is trading at $1.98, experiencing a modest decline of 3.8% in the last 24 hours.
SATS (Ordinals) Surges on Binance Listing
Lookonchain also highlighted the impressive performance of SATS (Ordinals), which witnessed a remarkable 120% surge following a key listing on the prominent global crypto exchange, Binance. On-chain data reveals that the top 20 holders of SATS collectively possess 333.3T SATS, equivalent to $150.8 million, constituting 15.90% of the total supply. Notably, six of the top 20 holders acquired SATS through minting, amassing approximately 78.57 million SATS, valued at $35.5 million.
At present, SATS is trading at $0.000000515075, marking an impressive 123.4% gain in the last 24 hours.
HashKey-Linked Wallet's Unfortunate Ethereum Move
Lookonchain reported another intriguing development involving a wallet suspected to be linked to HashKey. This wallet made a substantial deposit of 17,108 ETH, totaling $38.1 million, onto Binance. Unfortunately, this move occurred after a significant drop in the price of Ethereum, resulting in a loss exceeding $2 million for the wallet associated with HashKey.
As of the latest update, Ethereum is trading at $2,187, reflecting a 1.4% decrease in the last 24 hours.