Today, on-chain data revealed notable activity by large investors known as crypto whales, resulting in significant market changes.
Key Operations of Crypto Whales
Certain whale wallet addresses executed large withdrawals. Specifically, one whale withdrew 1.29 million ZKJ tokens and 8,667 KOGE tokens via the OKX platform and sold them immediately.
Market Reaction to Whale Actions
As a result, the price of ZKJ dropped approximately 80% in the last 24 hours, while KOGE tokens lost roughly 50% of their value. The total value of sold ZKJ tokens was $3.1 million, and for KOGE, it was $550,000.
Other Notable Transactions of Crypto Whales
In addition to the aforementioned actions, the report also noted that a crypto whale withdrew 15.15 million ENA tokens valued at $4.48 million through Bybit. Furthermore, an ancient ETH whale that hadn't shown activity for nearly 10 years moved 0.002 ETH, originally purchased during the ICO event for $622.
Therefore, the recent activity of crypto whales not only led to significant losses in the prices of ZKJ and KOGE but also revealed interesting changes in other cryptocurrencies.
