Corporate Whale Started Selling on Binance for its Artificial Intelligence Altcoin, Which Made 3x Profit!
Corporate whale Anchorage Digital deposited a loaded artificial intelligence altcoin to Binance in order to take profits.
According to a post by on-chain data and analysis account Lookonchain on May 16, the corporate whale deposited a large amount of Render (RNDR) to Binance.
The whale in question had purchased 650,528 RNDR worth $2.59 million from Binance on January 9, with an average price of $3.98.
It is thought that Anchorage Digital decided to take profit on RNDR, which exceeded the $10 level again with the rise in other cryptocurrencies in parallel with Bitcoin. Accordingly, the company sent 250 thousand RNDRs worth $ 2.72 million to Binance and probably sold.
The whale, which makes its main money thanks to the profits it makes, currently has 400 thousand RNDRs worth 4.26 million dollars. It was recorded that the whale had an unrealized profit of $4.4 million and a return of 170%.
According to CoinGecko data, RNDR is trading at $10.6 at the time of writing, with a 3.8% increase in the last 24 hours.