Massive Altcoin Transactions Coinciding With Local Tops This Week

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brianq
Feb 25, 2021


Sometimes one or two major individual transactions alone are enough to reveal that a whale selloff may send an asset spiraling.


Here are a couple assets seeing HUGE transactions the last few days:


Kyber Network - $26M (2/22)


KNC had a flurry of large transactions Monday, including 13m tokens swapping exchange addresses.

The spike in on-chain transaction volume and exchange inflow has predictably sent KNC downward.


0x Protocol - $44M (2/19)


The 28M ZRX tokens sent from a whale to exchange address marked the highest USD value transfer in the token's 3.5-year history.

Prices have been very volatile since, but it did drop massively during the market-wide correction Monday. Note the major exchange inflow spikes highlighted!

KNCZRX
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brianq
Feb 25, 2021

Thanks for reading!

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5

Assets from this insight

Kyber Network Crystal logo

Kyber Network CrystalKNC

$ 1.88

1.10%in last 7d
0x logo

0xZRX

$ 1.16

10.37%in last 7d