💵💵Attention to Altcoin That Made 3x in a Week: They Sent 24.5 Million Units to Exchanges 💵💵

According to data from blockchain analysis platform Lookonchain, a total of 24.5 million MOCA (approximately $10 million) was transferred from Mocaverse's Operational Expenses and Liquidity wallets early this morning.

These large-scale transfers were made to Gate.io, KuCoin, Bybit and Bitget exchanges. Analysts state that these movements were probably made for market making purposes.

Significant increase in MOCA price

Following these large transfers, a rapid increase was observed in the MOCA price. The token gained 42% in value during the day, attracting the attention of investors. According to TradingView data, MOCA experienced an increase of over 200% on a weekly basis. Such transfers, which are made to provide liquidity and increase market volatility, usually have a positive effect on the price.

MOCA stands out as a coin that forms the basis of the Moca Network. The Moca Network aims to create a cultural economy that supports different blockchain infrastructures (VM, L1 and L2 chains) and is compatible with each other, covering important sectors such as music, sports, gaming, education and governance. This network is shaped around partner "subnets" and their users.

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