Analysis

Whale Deposits IMX To Kraken After A Surge Of 35% In Price

Key Points:

  • A whale deposits IMX to Kraken (2 Million), adding to its impressive holdings accumulated from Coinbase and FalconX.
  • Lookonchain reported a remarkable 35% surge in the price of $IMX today, with growing accumulation in Upbit wallets.
A whale deposits IMX to Kraken (2 Million) following the remarkable 35% surge in $IMX price today. He accumulated a total of 4.5M $IMX from Coinbase and FalconX since March 13.

On September 21, Lookonchain reported a whale had made its presence known. With impressive holdings and significant influence, this investor has deposited millions of dollars worth of IMX to various exchanges.

Impressive Whale Deposits 2M $IMX to Kraken

The whale recently deposited 2M $IMX ($1.37M) to Kraken, adding to its impressive holdings. Accumulating a total of 4.5M $IMX($3.16M) from Coinbase and FalconX between March 13 and September 12, this whale continues to make waves in the crypto market. With 2.5M $IMX($1.79M) still remaining, it’s clear that this investor has significant influence.

Growing Accumulation and Notable Deposits in IMX

In a previous report, Lookonchain highlighted the remarkable 35% surge in the price of $IMX today. Interestingly, the growing accumulation of $IMX in Upbit wallets, as well as the increased deposits from investors and institutions following the price spike.

Source: Lookonchain

In fact, Upbit alone has amassed 12.53M $IMX ($9.45M) in the past 3 hours, transferring it to wallet “0x2F77” which currently holds a staggering 20.4M $IMX ($15M) and ranks as the 9th holder. Other notable deposits include 2M $IMX ($1.52M) from GSR into Binance, and 851,322 $IMX ($647K) from Fund: 0x74c…441, also into Binance.

Furthermore, 3 investors recently unlocked 3.05M $IMX ($2.3M) from the Foundation Treasury Locked wallet, potentially impacting the market. Stay informed and keep an eye on $IMX.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

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