TL;DR
Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million.
This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply.
Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion.
The cryptocurrency market seems to be in a bearish mode, but a few tokens are still well in the green. One such example is Loom Network (LOOM).
The asset has charted a substantial 30% gain today (October 13), reaching a 5-year high of approximately $0.28. In the following hours, it slightly retraced to $0.27 (where it trades as of the moment of writing these lines).
The price increase coincided with the action of a certain Upbit investor who purchased over 21M LOOM, equaling almost $6 million.
The whale currently owns 653 million assets ($181 million), representing an astonishing 50%
We współpracy z: https://cryptopotato.com/this-cryptocurrency-soares-30-amid-increased-whale-activity/
