6 Fresh Cryptocurrency Whales Collected Millions of Dollars from This Altcoin from Binance! Price Increased!

While bullish expectations for Bitcoin and altcoins increase, whales continue to accumulate.

At this point, Lookonchain announced that institutional investors and whales were accumulating the altcoin called GMX.

Accordingly, 6 new wallets created in the last two days purchased GMX worth $15.3 million.

“Whales/institutions are buying GMX and the GMX price is up ~24% in the last 2 days.

“In the last 2 days, 6 new wallets withdrew a total of 344,502 GMX ($15.3 million) from Binance.”

GMX, which rose to $46 with the rise it experienced in the last two days, continues to be traded at $43.8 at the time of writing.

Whales/institutions are buying $GMX, and the price of $GMX has increased by ~24% in the past 2 days.

6 fresh wallets withdrew a total of 344,502 $GMX($15.3M) from #Binance in the past 2 days.

Wallets:
0x68fdea13878d7ce741cc596db55564909d9ecc8a… pic.twitter.com/Err6YfdYrb

— Lookonchain (@lookonchain) June 7, 2024

Apart from new whale wallets, Bitcoin whales are also in savings mode. According to CryptoQuant data, long-term Bitcoin investors and whales are purchasing large amounts of BTC.

*This is not investment advice.

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