According to data from on-chain cryptocurrency tracking service Lookonchain, an altcoin has started attracting intense interest from whales following news of its listing on Binance.
Memecoin Sudeng (HIPPO) Attracts Whales
The memecoin Sudeng (HIPPO) was recently listed on Binance’s futures market, though it has yet to be listed on the spot market. This largest memecoin in the SUI ecosystem has become a target for accumulation by three major crypto whales since its listing announcement.
Three Whales Purchasing HIPPO
The first of these whales, consisting of newly created crypto wallets, acquired HIPPO from decentralized exchanges by withdrawing SUI worth $143,000 through Binance. The second whale similarly withdrew $141,000 in SUI and began accumulating the memecoin. Finally, the third crypto whale bought HIPPO by transferring SUI coins worth $101,000 into a new wallet through Binance.
Significant Purchases Ahead of Listing Announcement
Before the listing announcement, HIPPO’s market value was around $100 million, making these whale purchases substantial in percentage terms.
HIPPO Price Surges
Over the past 24 hours, HIPPO’s price has increased by 55%. While the token is not yet traded on the spot markets of Binance or Coinbase, it is available for trading on exchanges such as Kucoin, HTX, and Gate.io.
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