While Bitcoin continues to trade at the $26,000 limit, the tense wait for altcoins continues. While Ethereum and other altcoins are waiting for Bitcoin's next move, some altcoins have diverged positively from the market.
SNX rose 14% after the weekly close, while LPT rose 20% and then retreated slightly.
Lookonchain shared the wallet of the mysterious whale behind the rise.
Accordingly, a newly created wallet withdrew 3.44 million SNX worth $7.72 million and 502,235 LPT worth $3.9 million from Binance earlier today. While the withdrawal of an altcoin from exchanges usually indicates bullish expectations, there has been a significant increase in price.
The mysterious whale has no assets other than SNX and LPT in his wallet for now.
