Recent news about the listing of the memecoin HIPPO on Binance's futures exchange has sparked considerable interest from large investors known as crypto whales.
Crypto Whales Show Interest in HIPPO
According to cryptocurrency analytics service Lookonchain, three major crypto whales have started accumulating the memecoin HIPPO following the news of its listing on Binance. One of the investors purchased HIPPO for $143,000 through decentralized exchanges. Similarly, another whale spent $141,000, and the third withdrew $101,000 in SUI to buy HIPPO.
Current Market Situation for HIPPO
Before the listing announcement, HIPPO's market valuation was around $100 million. The subsequent purchases significantly boosted its market cap. Over the past 24 hours, HIPPO's price has surged by 55%. Currently, HIPPO is not traded on major exchanges like Binance and Coinbase's spot market but is available on Kucoin, HTX, and Gateio.
Prospects for HIPPO
The listing news and interest from crypto whales may indicate further growth interest in HIPPO. However, the memecoin's prospects depend on the investors' chosen strategy and the overall market conditions.
The memecoin HIPPO has shown significant growth following its listing on Binance's futures exchange, attracting the attention of large investors. Sustained interest could lead to further increases in its market value.
