Why Binance Listed $MASK Token Price Is Surging Today?

Masks Community (MASK) value soars 25% prior to now 24 hours, with large help from a buying and selling quantity of almost 800%. The MASK value presently buying and selling at $4.04, after hitting a excessive of $4.21.

The Binance-listed token as soon as gained massive traction after Elon Musk’s Twitter takeover because the neighborhood believed it is likely one of the tokens to be supported for Twitter funds.

Lookonchain reported {that a} whale withdrew 3.6 million MASK tokens price $14.8 million from crypto exchanges Binance, OKX, Kucoin, and Huobi by way of a number of addresses. It’s doubtless that this deal with is behind the large rise within the value of MASK. The value rose from $3.27 to $4.16 at present, a rise of over 25%.

Etherscan data evaluation revealed that the whale has 8,973,549 MASK tokens. The historic transfer-in and transfer-out of the deal with “0xEf7C” had impacted MASK value immensely. In lots of circumstances, transfer-in prompted a rise within the MASK value and transfer-out prompted the worth of MASK to drop.

In accordance with OKLink on-chain information, 11,326 addresses maintain MASK tokens. The highest 10 addresses holding MASK tokens account for 77.86% and the addresses with positions 11-20 account for 13.94%. It means the worth motion of MASK is dependent upon these prime pockets addresses. Binance, OKX, and Celer Community are additionally among the many largest holders of MASK tokens.

MASK Token Listings

Moreover, a number of listings of MASK by many a number of exchanges equivalent to Upbit and AscendEX lately is the explanation behind the large buying and selling quantity.

South Korea’s largest crypto change Upbit itemizing MASK has grabbed large consideration from the crypto neighborhood. The MASK token value presently trades above $4 and appears

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Varinder is a Technical Author and Editor, Know-how Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his information about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently masking all the most recent updates and developments within the crypto business.

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