Mask Network’s indigenous token MASK MASK/USD is up 25% in the last 1 day, surpassing Bitcoin BTC/USD and also Ethereum ETH/USD gains.
What Occurred: The rate of MASK increased from $3.27 to $4.12 today, a rise of 25%.
According to Lookonchain, an on-chain information analytics system, a whale took out 3.6 million MASK worth $14.8 million from Binance, OKX, Kucoin and also Huobi with several addresses.
” It is most likely that this [whale] address is increasing the rate of MASK,” the on-chain information company stated.
Lookonchain evaluated the historic transfer patterns of a whale address and also discovered that oftentimes, its transfer-in of MASK symbols has actually created a rise in the token rate, while its transfer-out of MASK has actually caused a reduction in the rate.
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MASK saw a rise in its rate on Jan. 31 adhering to Elon Musk’s news that Twitter is discovering the growth of a repayments system, which might consist of the capability to utilize cryptocurrencies in the future.
Mask Network allows customers of Twitter to send out cryptocurrency, engage with decentralized applications, and also share encrypted web content.
Cost Activity: At the time of creating, BTC was trading at $22,459 up 0.17% and also ETH was trading at $1,573 up 0.57% in the last 1 day, according to Benzinga Pro.
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