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COINTURK NEWS > Altcoin News > Whale Movement in the Crypto Market: Critical Warning for Investors
Altcoin News

Whale Movement in the Crypto Market: Critical Warning for Investors

In Brief

  • It is a well-known fact that whale movements are closely monitored in the cryptocurrency market. Every move raises questions about which cryptocurrency is being targeted. In a recent market development, a whale address with the code 0x034 deposited 30,024 TRB to Binance. The value of the deposited altcoin is equivalent to $2,520,000.ContentsWhale Movement May Indicate […]
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COINTURK NEWS 2 years ago
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It is a well-known fact that whale movements are closely monitored in the cryptocurrency market. Every move raises questions about which cryptocurrency is being targeted. In a recent market development, a whale address with the code 0x034 deposited 30,024 TRB to Binance. The value of the deposited altcoin is equivalent to $2,520,000.

Contents
Whale Movement May Indicate a Potential Drop in TRBWhales Don’t Always Make Profit

Whale Movement May Indicate a Potential Drop in TRB

Spot On Chain X platform reports the latest move by the whale. It is emphasized that the whale still holds 28,435 TRB, worth $2,390,000, indicating a possible loss. Therefore, the whale is facing a loss of $251,000.

trb balinasi cointurk

Last week, three whales transferred funds to Binance, causing a significant drop in the TRB price. The three whales moved a total of 250,697 TRB, worth $22,800,000, for the purpose of selling, resulting in a 35% drop in the TRB price. As of writing, the TRB price is experiencing a 3% decrease, trading at $83.48.

Whales Don’t Always Make Profit

The possible loss of $251,000 for the whale is a sign that profit is not always guaranteed in the market. This situation also highlights the dynamic nature of cryptocurrency investments and the challenges associated with market fluctuations. Investors closely monitor price tags to make informed decisions.

trb coin cointurk

 

At this point, potential price changes in the market lead to major movements. While large volume transactions continue to captivate investors, concerns arise when there are sell-offs. The overall picture shows that the exciting nature of the crypto market will never cease.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 15 November, 2023 - 9:28 am 15 November, 2023 - 9:28 am
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