- At press time, GRT was up more than 9% and was trading at $0.1004 as a result.
- Lookonchain revealed graph.eth sent 50M GRT to Binance after its price increased.
- According to the post, graph.eth’s previous large transfer caused GRT’s price to rise.
The on-chain tracking platform Lookonchain revealed in an X (formerly Twitter) post earlier today that graph.eth deposited 50 million The Graph (GRT) tokens to Binance. According to the post, this deposit took place after the price of the altcoin increased. Interestingly, graph.eth sold a large amount of GRT between December 15, 2022, and February 7, 2023, which was during GRT’s rise.
graph.eth deposited 50M $GRT($5M) to #Binance after the price of $GRT increased.graph.eth last sold a large amount of $GRT between Dec 15, 2022 and Feb 7, 2023, which was also during the rise of $GRT.https://t.co/yZE9mED26E pic.twitter.com/Sc0mmOE9Qj
— Lookonchain (@lookonchain) October 26, 2023
At press time, GRT seems to have continued to rise, as it was up 9.47% and was trading at $0.1004 as a result, according to CoinMarketCap. Along with the increase in price over the past 24 hours, GRT also recorded a fair increase of 7…
The post 50M GRT Deposited to Binance, Causing Its Price to Jump appeared first on Coin Edition.