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The price of Mask Network’s native MASK token has increased by more than 16.9% in the last 24 hours due to large transactions by an unknown whale.
The price of MASK token, the native digital currency of Mask Network, a blockchain protocol that allows users to send crypto, interact with dapps, and more on social media platforms, has posted decent gains in the last 24 hours.
Per a tweet by blockchain analytic platform Lookonchain, the MASK price increase from $3.27 to $4.16 can be attributed to a whale transaction.
1/ The price of $MASK rose from $3.27 to $4.16 today, an increase of 27%.
— Lookonchain (@lookonchain) March 7, 2023
We noticed that a whale withdrew ～3.6M $MASK ($14.8M) from #Binance, #OKX, #Kucoin and #Huobi through multiple addresses.
It is likely that this address is driving up the price of $MASK. pic.twitter.com/bWdnXNXV4S
According to data on CoinGecko, MASK token is changing hands for $3.85, with a market capitalization of $262.5 million. This represents a 90% drop from the MASK token’s all-time high (ATH) of $41.45 in February 2021.
The global cryptocurrency market capitalization currently stands at $1.02 trillion, a 0.14% increase in the last 24 hours, according to CoinMarketCap. The bitcoin (BTC) price has decreased by 4.4% in the past seven days, hovering around $22,374 at press time.