Dormant Whale Address Transfers 66 Million ANKRs to Coin An

02/27/2023 02:12 • Metaverse & Beyond • 129 views

It is reported that, according to the monitoring data of Lookonchain, a whale address (beginning with “0x4271”) that has been dormant for nearly two years transferred 66 million ANKRs (about US $2.8 million) to Coin An more than an hour ago. It is reported that the ANKR of this address was received from Yuan An in July 2019 and September 2020, and the price was US $0.0065 at that time.

The address of whales that have been dormant for two years will transfer 66 million ANKRs to Coin An, about 2.8 million US dollars

Interpretation of the news:

Lookonchain, a blockchain monitoring service, has recently reported that a dormant whale address has transferred 66 million ANKRs worth approximately $2.8 million to Coin An. This transfer took place more than an hour ago and has raised a few eyebrows in the cryptocurrency world.

The whale address that initiated this transfer starts with “0x4271” and has been dormant for almost two years, making it a relatively dormant entity until now. This suggests that the owner of the address has suddenly come back into action and decided to move a significant amount of ANKRs.

According to reports, the ANKR tokens received by this address were initially from Yuan An in July 2019 and September 2020, when they were priced at $0.0065. While the current value of ANKR is not disclosed, it is clear that the whale address has made a considerable profit by moving the tokens to Coin An.

There could be many reasons behind such a sudden and significant transfer. One possibility could be that the owner of the whale address is planning to liquidate their holdings and move into another cryptocurrency or asset. Another possibility could be that the owner of the address is looking to increase their trading activity and use Coin An for such purposes.

It is worth noting that whale addresses are entities that hold a significantly large amount of cryptocurrencies, and their actions often have a noticeable impact on the market. This transfer of 66 million ANKR tokens to Coin An may lead to an increase in trading volume and speculation around ANKR’s price movement.

In conclusion, the sudden transfer of 66 million ANKR tokens to Coin An by a dormant whale address has caught the attention of many in the crypto community. While the reasons behind such a move are not clear, it is evident that the owner of the address has made a considerable profit from their investment. This move may also have an impact on ANKR’s price and trading volume in the short term.

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