Coin Edition -
- An analyst shared that he believes a whale used massive amounts of USDT to stock up on gaming tokens.
- PYR, MANA, SAND, ILV, and RNDR all saw their prices increase in the past 24 hours.
- ILV attracted the most attention as its price surged by over 14% since yesterday.
The well-known cryptocurrency analyst and trader, Crypto Tony, shared in an X post yesterday that he believes a whale is stocking up on gaming tokens. According to the post, a whale transferred 1,347,167,859 USDT from an unknown wallet to Bianace.
ANOTHER $USDT DEPOSIT LOADING UP ON #Gaming TOKENS PERHAPS SIR $PYR $MANA $SAND $ILV $RNDR https://t.co/71sExfBO9U— Crypto Tony (@CryptoTony__) November 3, 2023
This might, in fact, be the case as gaming tokens like Vulcan Forged PYR (PYR), Decentraland (MANA), The Sandbox (SAND), Illluvium (ILV), and Render (RNDR) all saw their prices increase over the past 24 hours of trading. At press time, PYR was trading at $4.00 after its price rose by 0.84%, according to CoinMarketCap.
PYR / Tether US 1D (Source: TradingView)
This meant that the token was trading just below its 24 hour high price of $4.04. Meanwhile, PYR’s 24 hour trading volume fell by more than 36% since yesterday, which caused it to drop to $9,072,730.
MANA / Tether US 1D (Source: TradingView)
The past few days have also been rather successful for MANA. The gaming token’s price managed to climb by 2.73% in the past day, which left it trading hands at $0.4051. MANA’s price was also in the green by over 16% on its monthly time frame.
SAND / Tether US 1D (Source: TradingView)
Similarly, SAND’s price also climbed by just more than 2% throughout the past 24 hours. As a result, the altcoin was worth about $0.366 at press time. SAND’s weekly performance was also still firmly set in the green at +11.52%.
Its market cap of $756,048,198 ranked SAND as the 57th largest cryptocurrency in terms of market capitalization. This placed it right behind MANA with its market cap of $763,857,958.
ILV / Tether US 1D (Source: TradingView)
On the other hand, ILV turned many heads after its price surged by over 14% in just 24 hours. This meant that the token’s trading value rose to $58.48. Along with its price success, ILV’s 24 hour trading volume also jumped by 231% since yesterday.
RNDR / Tether US 1D (Source: TradingView)
Lastly, RNDR also printed a 4.45% gain over the past day, which caused it to trade hands at $2.29 at press time. The rise in the gaming token’s price came after a tough week where RNDR saw its price drop by 3% in the past seven days.
The post Whale Transfers Billions of USDT, Gaming Token Prices Rise appeared first on Coin Edition.