Sales Have Started In This Altcoin That Has Been Up By 200 Percent In The Last Days! How will it affect the price?

YGG, the local token of Yield Guild Games (YGG), a decentralized organization that has attracted the attention of investors with its rise of more than 200% in the last few days, has risen from $ 0.20 to $ 0.66.

While it was said that the world's largest crypto exchange Binance listed YGG in futures transactions behind this rise, institutional investors started selling YGG.

At this point, the platform Lookonchain, which follows the sales transactions, shared that other investors are about to sell YGG after DWF Labs, a market maker and liquidity provider, one of the first investors of YGG.

Lookonchain said Wintermute Trading and Youbi Capital have invested millions of YGG in Binance and other exchanges.

Wintermute wallet has invested a total of 11.1 million YGG ($6.7 million worth) on exchanges in the last 4 days, while Youbi Capital has invested 1 million YGG in Binance.

“Investors continue to dump in YGG, whose price has increased by approximately 250% in the last 7 days.

Wintermute Trading wallet has deposited a total of 11.1 million YGG ($6.7 million worth) on exchanges in the last 4 days. And it currently holds about 2.5 million YGG (worth $1.5 million).

Youbi Capital deposited 1 million YGG ($613,000 worth) on Binance 9 hours ago and currently holds 11.6 million YGG ($7.11 million worth).”

The price of $YGG has increased nearly 250% in the past 7 days.

The wallet of Wintermute Trading has deposited a total of 11.1M $YGG ($6.7M) to exchanges in the past 4 days and currently holds 2.5M $YGG ($1.5M).https://t.co/iRFNK8c8Fh pic.twitter.com/SyZOldSwNT

— Lookonchain (@lookonchain) August 7, 2023

Investors continue to dump $YGG!

Youbi Capital deposited 1M $YGG($613K) to #Binance 9 hrs ago and currently holds 11.6M $YGG($7.11M).https://t.co/mISJd4Mya0

Sfermion claimed 1.2M $YGG ($735K) and deposited to #Binance through #FalconX 11 hrs ago.https://t.co/ddQPqOp2VZ pic.twitter.com/RfSp2BAecO

— Lookonchain (@lookonchain) August 7, 2023

YGG continues to trade at $0.5497 at the time of writing.

*Not investment advice.