{"id":173899,"date":"2023-10-14T03:02:48","date_gmt":"2023-10-13T21:32:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173899"},"modified":"2023-10-14T03:02:48","modified_gmt":"2023-10-13T21:32:48","slug":"this-cryptocurrency-soares-30-amid-increased-whale-activity-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/this-cryptocurrency-soares-30-amid-increased-whale-activity-crypto-news\/","title":{"rendered":"This Cryptocurrency Soares 30% Amid Increased Whale Activity &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million.<\/li>\n<li>This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply.<\/li>\n<li>Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion.<\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/10\/rocket_loom_cb.jpg\" data-wpel-link=\"internal\"><\/a><\/p>\n<p>The cryptocurrency market seems to be in a bearish mode, but a few tokens are still well in the green. One such example is Loom Network (LOOM).<\/p>\n<p>The asset has charted a substantial 30% gain today (October 13), reaching a 5-year high of approximately $0.28. In the following hours, it slightly retraced to $0.27 (where it trades as of the moment of writing these lines).<\/p>\n<p>The price increase coincided with the action of a certain Upbit investor who purchased over 21M LOOM, equaling almost $6 million.<\/p>\n<p>The whale currently owns 653 million assets ($181 million), representing an astonishing 50% of the total circulating supply.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The price of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$LOOM<\/a> skyrocketed by ~30% today.<\/p>\n<p>The wallet suspected of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Upbit?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">#Upbit<\/a> accumulated 21.42M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$LOOM<\/a> ($5.83M) today.<\/p>\n<p>And the wallet currently holds 653M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LOOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">$LOOM<\/a> ($181M), 50% of the total supply.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oergGUqAgo\" data-wpel-link=\"external\">https:\/\/t.co\/oergGUqAgo<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TO9ZqSCw64\" data-wpel-link=\"external\">pic.twitter.com\/TO9ZqSCw64<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1712735400782139486?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">October 13, 2023<\/a><\/p>\n<\/blockquote>\n<p>Contrary to LOOM, the leading cryptocurrencies \u2013 Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Ripple (XRP), and many more continue bleeding, while the global market capitalization plunged below $1.1 trillion (per CoinGecko\u2019s data).<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":173900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-173899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173899"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173899\/revisions"}],"predecessor-version":[{"id":173902,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173899\/revisions\/173902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173900"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}