Whale Makes $1.6 Million on NXPC Tokens as Prices Surge to $3.8 Before Binance Transfer

On May 16th, COINOTAG News reported significant movements in the cryptocurrency asset NXPC. According to data from Ashes Monitoring, a notable whale investor capitalized on their recent purchase of NXPC at an average price of $1.25, leading to a substantial profit margin of $1.6 million. Following this acquisition, the price soared to a peak of $3.8, presenting the whale with an unrealized gain of $2.9 million.

However, market activity took an intriguing turn when the investor opted not to liquidate their position at the peak. Instead, approximately two hours ago, they transferred 1.136 million NXPC tokens, valued at around $3.02 million, to Binance, executing the transfer at an average price of $2.66. This development highlights the investor’s strategic approach amidst the volatile cryptocurrency landscape, suggesting confidence in future price movements.