On November 22nd, COINOTAG News reported a notable activity in the cryptocurrency market involving significant whale transactions. An on-chain analysis by expert Yu Jin revealed that a notable whale address executed a transaction totaling 1,805.9 ETH, equivalent to approximately $6.02 million. This substantial investment facilitated the acquisition of 22.165 trillion MOG tokens, resulting in a remarkable 20% price surge of MOG within just seven hours.
The whale’s strategic move began with the withdrawal of 1,805.9 ETH from the Bitget exchange seven hours prior to this purchase. Utilizing the Bitget Wallet, the whale executed the on-chain transaction, achieving an average buying price of $0.0000027 per token. Such transactions often exemplify the volatility and dynamics of the crypto landscape, underlining the influence that prominent investors have on market movements.