Why Binance Listed $MASK Token Price Is Surging Today?

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

The Binance-listed token as soon as gained large traction after Elon Musk’s Twitter takeover because the group believed it is among 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 via a number of addresses. It’s probably that this tackle is behind the huge rise within the value of MASK. The value rose from $3.27 to $4.16 at the moment, 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 value immensely. In lots of instances, transfer-in precipitated a rise within the MASK value and transfer-out precipitated the worth of MASK to drop.

In response to OKLink on-chain knowledge, 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 depends upon these high 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 not too long ago is the rationale behind the massive buying and selling quantity.

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

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Varinder is a Technical Author and Editor, Expertise 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 at the moment overlaying all the most recent updates and developments within the crypto business.

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