Binance's Newly Listed Altcoin Soared 2x With Large Purchases During Bitcoin Drop!
The altcoin, which was launched as the 55th Launchpool project of Binance, the world's largest cryptocurrency exchange, experienced a 95% increase despite the sharp price movements in Bitcoin with large purchases.
Binance launched IO.NET (IO) as its 55th Launchpool project on June 11. IO, which made a dazzling start with a 9,300% rise at the board opening, continued its rise with the incoming purchases.
In the post shared by on-chain data and analysis platform Lookonchain via Twitter on June 13, an investor's large purchase was included.
One investor purchased 85,326 IOs, spending 3,120 Solana (SOL) worth $484K with an average of $5.67 during the rally.
IO.NET is rising sharply
IO, which was stuck at $3.3 after the Binance listing, later showed a sharp upward performance despite the decline in Bitcoin price. IO rose more than 96% from its post-listing price, reaching the $6.51 level.
IO, which received some reaction from the said level, is traded at $ 6.19 at the time of writing.
