Whales Begin Accumulation of These 4 Altcoins: On-Chain Data

• Lookonchain revealed that a group of wallets accumulated SSV, MKR, C98, and RSS3 on Binance over the past 24 hours.
• One particular whale, “0x9e74”, has withdrawn a total of $6.9 million worth of MKR from Binance since July.
• At press time, SSV and MKR were up, while C98 and RSS3 recorded 24-hour losses.

The on-chain tracking platform Lookonchain revealed that a group of wallets seem to be accumulating Maker (MKR), ssv.network (SSV), Coin98 (C98), and RSS3. According to the post, a handful of wallets, both new and linked to whales, have withdrawn millions worth of these cryptocurrencies over the past 24 hours.

The most recent transaction took place in the last 6 hours when the fresh wallet “0xB4aE” withdrew 10 million RSS3 tokens, worth $1.44 million, from OKX. Shortly thereafter, whale “0xb6a7” withdrew 114,227 SSV, valued at $1.93 million, from Binance. This same whale also pulled 2.77 million C98 tokens from the leading cryptocurrency exchange platform.

Binance also saw 1,226 MKR tokens leave its platform over the past 24 hours. This was after whale “0x9e74”, which has withdrawn a total of 4,776 MKR from Binance since July 25, 2023, withdrew $1.7 million worth of the altcoin out of the exchange recently. This has taken the total value of the MKR pulled out of Binance by this particular whale up to around $6.9 million.

The prices of SSV and MKR were able to record 24-hour gains, according to CoinMarketCap. At press time, MKR was up 4.13% and was trading at $1,456.16 at press time. Meanwhile, SSV’s 2.11% uptick elevated its value to $17.66.

C98 and RSS3 suffered a completely different fate throughout the past day of trading, as both of the altcoins recorded substantial 24-hour losses. CoinMarketCap indicated that C98 was down 5.27% at press time, which dragged its price to $0.173. It was RSS3 that recorded the biggest loss of the 4 cryptocurrencies, however, after its price fell 6.19% to $0.1498.