Crypto Whale Triggers Surge in Ethereum-Based Altcoin, SATS Skyrockets on Binance Listing, HashKey Wallet Suffers Loss

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One Ethereum-based gaming altcoin, IMX, experienced a significant price increase of 20% after a crypto whale moved a large amount of the project’s tokens off an exchange. This whale, potentially owning three wallets, withdrew 4.3 million IMX ($9.6 million) from Binance. Currently, the whale holds a total of approximately 40.54 million IMX ($90.8 million).

Another altcoin, SATS, has seen a surge in price by approximately 120% following its listing on Binance. The top 20 holders of SATS own 333.3T SATS ($150.8 million), which accounts for 15.90% of the total supply. Six of these top holders obtained SATS through minting, acquiring around 78.57 million SATS ($35.5 million).

In a separate development, a wallet associated with HashKey suddenly transferred a significant amount of Ethereum to Binance, resulting in a loss. The wallet deposited a total of 17,108 ETH ($38.1 million) after the price of Ethereum experienced a sharp decline, leading to a loss of over $2 million.

At the time of writing, IMX is trading at $1.98, down 3.8% in the last 24 hours, while SATS is trading at $0.000000515075, up 123.4% in the last 24 hours. Ethereum is currently priced at $2,187, down 1.4% in the last 24 hours.

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