- Lookonchain tweeted today that Jump Trading acquired LEVER, PERP, LDO and MASK last week.
- The blockchain tracking firm noted that Jump Trading purchased more than 1 million tokens in each crypto.
- At press time, LEVER, PERP, LDO and MASK all printed 24-hour gains.
The blockchain tracking firm Lookonchain tweeted earlier today that Jump Trading has been accumulating Mask Network (MASK), Lido DAO (LDO), LeverFi (LEVER) and Perpetual Protocol (PERP) over the past week. According to the post, Jump Trading has acquired more than a 1 million tokens in each crypto throughout the past 7 days.
The on-chain tracking firm shared that Jump Trading currently holds 1.59 million MASK, worth approximately $6.15 million, and 1.09 million LDO estimated to be worth $2.11 million. In addition, the company also holds 509 million LEVER valued at $686K, as well as 1.07 million PERP, which is worth approximately $545K.
In related news, the total crypto market cap increased 1.83% over the past 24 hours according to CoinMarketCap. As a result, the total stood at around $1.19 trillion at press time. Furthermore, MASK, LDO, LEVER and PERP all printed 24-hour gains.
MASK was trading at $3.88 after it gained 2.99% in the past day. Meanwhile, LDO’s price stood at $1.93 at press time following its slight 0.24% gain. LEVER was able to print a 7+% gain during this period, and was changing hands at $0.001372 as a result. Lastly, PERP also printed a 7+% gain in the past 24 hours – taking its price up to $0.5083 at press time.
Daily chart for the total altcoin market cap (Source: TradingView)
The total altcoin market cap was attempting to challenge the key resistance level at $558.811 billion. It was able to break above the level during yesterday’s trading session, but was unable to close the daily candle above the major resistance.
Notably, a significant bullish technical flag was on the verge of being triggered at press time. The 9-day EMA line was looking to cross above the 20-day EMA line. Should this happen, the altcoin market will have the momentum it needs to flip the aforementioned $558.811 billion resistance level into support in the next 24-48 hours.
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