YGG, the local token of Yield Guild Games (YGG), a decentralized organization that has attracted the attention of investors with its rise of more than 200% in the last few days, has risen from $ 0.20 to $ 0.66.
While it was said that the world's largest crypto exchange Binance listed YGG in futures transactions behind this rise, institutional investors started selling YGG.
At this point, the platform Lookonchain, which follows the sales transactions, shared that other investors are about to sell YGG after DWF Labs, a market maker and liquidity provider, one of the first investors of YGG.
Lookonchain said Wintermute Trading and Youbi Capital have invested millions of YGG in Binance and other exchanges.
Wintermute wallet has invested a total of 11.1 million YGG ($6.7 million worth) on exchanges in the last 4 days, while Youbi Capital has invested 1 million YGG in Binance.
“Investors continue to dump in YGG, whose price has increased by approximately 250% in the last 7 days.
Wintermute Trading wallet has deposited a total of 11.1 million YGG ($6.7 million worth) on exchanges in the last 4 days. And it currently holds about 2.5 million YGG (worth $1.5 million).
Youbi Capital deposited 1 million YGG ($613,000 worth) on Binance 9 hours ago and currently holds 11.6 million YGG ($7.11 million worth).”
YGG continues to trade at $0.5497 at the time of writing.
*Not investment advice.