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Whale Address Resurfaces After Two Years, Transfers $2.8M Worth of ANKR to Coin An

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It is reported that, according to the monitoring data of Lookonchain, a whale address (beginning with \”0x4271\”) that has been dormant for nearly two years tran…

Whale Address Resurfaces After Two Years, Transfers $2.8M Worth of ANKR to Coin An

It is reported that, according to the monitoring data of Lookonchain, a whale address (beginning with “0x4271”) that has been dormant for nearly two years transferred 66 million ANKRs (about US $2.8 million) to Coin An more than an hour ago. It is reported that the ANKR of this address was received from Yuan An in July 2019 and September 2020, and the price was US $0.0065 at that time.

The address of whales that have been dormant for two years will transfer 66 million ANKRs to Coin An, about 2.8 million US dollars

Interpretation of the news:


Lookonchain, a blockchain data analysis platform, has reported that a dormant whale address has transferred 66 million ANKR tokens, worth $2.8 million, to Coin An. The transfer comes after nearly two years of inactivity and has sparked speculation as to why the whale address has resurfaced and what this could mean for the ANKR market.

The address in question, beginning with “0x4271,” was last active in September 2020 when it received ANKR tokens from Yuan An. Prior to that, the address had received ANKR tokens in July 2019. At the time of the transfers, the price of ANKR was US $0.0065. Since then, the price of ANKR has risen significantly, reaching a peak of $0.28 in March 2021 before stabilizing at around $0.11.

The sudden transfer of 66 million ANKR tokens has raised suspicions among investors and analysts alike. Some have suggested that the whale address may be connected to a major ANKR investor, while others believe that the transfer may be a sign of a potential sell-off. It is worth noting that the whale address holds a significant portion of the total ANKR supply, and its actions can have a major impact on the market.

Coin An, the recipient of the transfer, is a cryptocurrency exchange based in South Korea with a focus on trading ANKR tokens. The exchange has not released any official statement regarding the transfer, leaving investors to speculate as to what the implications of the transfer may be.

Overall, the sudden activity of the dormant whale address has reignited interest in ANKR and could potentially impact the price of the token in the short term. The transfer to Coin An suggests that the whale address may have confidence in the exchange and the future of ANKR, but it remains to be seen whether this will lead to further investments or a sell-off.

Keywords:
Whale Address – Refers to an address that holds a large amount of cryptocurrency, which can have a significant impact on the market with its actions.
ANKR – A cryptocurrency that powers blockchain infrastructure and enables businesses to create and deploy scalable decentralized applications.
Coin An – A South Korean cryptocurrency exchange focused on trading ANKR tokens.

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