- JasmyCoin surges 96% weekly, hitting $0.01188 amid whale moves.
- Japan’s regulatory reforms boost JasmyCoin’s bullish sentiment.
- JASMY’s market cap climbed 36%, and trading volume reached $831.37M.
The main Japanese cryptocurrency project, JasmyCoin, has witnessed an unprecedented upsurge in market value. This digital asset has shown a 96% gain over the last week and a 123% growth in the previous month. This growth path has attracted investors and analysts, resulting in much speculation about the factors catalyzing this growth trajectory. At press time, JASMY exchanged hands at $0.01188, a 37.86% surge from the intra-day low.
JASMY/USD 24-hour price chart (source: CoinStats)
Whale Movement Triggers Market Sentiment
One of the key moments in this story is the activity of two influential JasmyCoin stakeholders, who are commonly referred to as “whales,” who have withdrawn a total of 665.6 million JASMY tokens, or an equivalent of almost $5.36 million, from the Coinbase (NASDAQ:COIN) exchange.
This significant development has added support to the buying pressure in the market. Besides, these whales have g…
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