• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Animoca Brands Moves PIXEL Tokens and Ethereum to Binance

user avatar

by Giorgi Kostiuk

a year ago

  1. Selling PIXEL Tokens
  2. Anticipated PIXEL Token Unlocks
  3. Animoca Brands Sells Ethereum


    4. Animoca Brands, known for its Web3 investments, recently moved a significant amount of PIXEL tokens and Ethereum (ETH) to Binance. This move comes in the wake of the company's latest asset surge.

    Selling PIXEL Tokens

    Animoca Brands, a leading investor in several Pixel funding rounds, recently sold 20 million PIXEL tokens valued at $2.44 million. This occurred after acquiring the assets at $0.13 and selling them at $0.14. Earlier this month, the same address acquired $1.3 million worth of PIXEL, then quickly divested them.

    Anticipated PIXEL Token Unlocks

    Currently, only 22% of PIXEL tokens are in circulation, but the unlock speed is expected to accelerate in 2025. PIXEL peaked at $0.96 in March 2024 during the market's peak but has since declined to its current levels. Despite high on-chain activity, the token's real utility remains subdued.

    Animoca Brands Sells Ethereum

    In addition, Animoca Brands recently moved 5,500 ETH to Binance, presumably to take profits. The recent ETH sale was part of active trading amid the market's fast recovery.

    The recent transactions by Animoca Brands clearly demonstrate their asset management strategy, including trading PIXEL tokens and Ethereum. These actions may be aimed at reviving interest in the project and increasing token visibility.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Oppenheimer Analyst Upgrades Oracle Stock Rating

chest

Oppenheimer analyst Brian Schwartz upgraded Oracle's stock rating to 'buy' with a target price of $185, indicating a potential 25% return on investment over the next 12 months.

user avatarNguyen Van Long

Oracle Stock Surges After Nvidia Earnings Call

chest

Oracle's stock price increased significantly following Nvidia's positive earnings report, which alleviated concerns about the AI market.

user avatarSatoshi Nakamura

Bitcoin's Correlation with Stock Market Hits Record Low

chest

Bitcoin has recently become the least correlated to the stock market since the FTX crash in 2022, according to analytics firm Santiment.

user avatarJesper Sørensen

Dutch Finance Minister to Revise Tax Overhaul

chest

The Dutch Finance Minister announced plans to amend the controversial tax bill on unrealized gains following criticism from lawmakers and investors.

user avatarRajesh Kumar

India's Gold ETF Inflows Hit Record 250 Billion Rupees

chest

Gold ETF inflows in India have reached a record 250 billion rupees, surpassing equity mutual fund inflows for the first time.

user avatarLucas Weissmann

Potential Surge in Coinbase's USDC Revenue with Increased Adoption

chest

Bloomberg analysts estimate that Coinbase's USDC-related revenue could grow significantly with broader adoption and regulatory clarity.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.