Why Binance Listed $MASK Token Price Is Surging Today?

Mask Network (MASK) worth soars 25% previously 24 hours, with huge help from a buying and selling quantity of almost 800%. The MASK worth at the moment 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 group 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 a number of addresses. It is probably going that this tackle is behind the huge rise within the worth of MASK. The worth 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 tackle “0xEf7C” had impacted MASK worth immensely. In many instances, transfer-in prompted a rise within the MASK worth and transfer-out prompted the worth of MASK to drop.

According to OKLink on-chain knowledge, 11,326 addresses maintain MASK tokens. The prime 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 relies on these prime pockets addresses. Binance, OKX, and Celer Network are additionally among the many largest holders of MASK tokens.

MASK Token Listings

Furthermore, a number of listings of MASK by many a number of exchanges comparable to Upbit and AscendEX not too long ago is the explanation behind the large buying and selling quantity.

South Korea’s largest crypto alternate Upbit itemizing MASK has grabbed huge consideration from the crypto group. The MASK token worth at the moment trades above $4 and appears

Also Read: Ethereum Creator Vitalik Buterin Dumps Multiple Memecoins, Is A Crypto Crash Imminent?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the newest updates and developments within the crypto trade.

The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.