Microsoft ignites ANKR's trading volume to astronomical levels

Ankr, a decentralized blockchain infrastructure provider, has seen a significant increase in the value of its native token following its latest partnership announcement with Microsoft.

ANKR's price posted intraday gains of over 70% a few hours after the announcement was first made. In the last 24 hours, the alt's price has grown by over 40%, making it the crypto asset with the most gains during that period.

The growth in trading activity on the network since the announcement pushed the token's trading volume to reach its highest level in the past year. As of this writing, ANKR tokens worth $1.2 billion have been traded in the last 24 hours.

As expected, the significant price jump in the last 24 was attributable to the hike in the count of active addresses trading the altcoin and the new demand for the same. Both have since rallied to the highest points seen by the token in the last week.

The whales took advantage of the price uptick and have since intensified trading activity. Following the announcement by Ankr yesterday, the number of ANKR whale transactions exceeding $100,000 and $1 million surged to their highest levels in the past month.