The Big Whale Sends These Two Altcoins Plummeting – Major Price Drop

Onchain data revealed that crypto whales made a large number of new transactions today.

First, a crypto whale wallet address withdrew 1.29 million ZKJ and 8,667 $KOGE tokens as binary liquidity via OKX and then immediately sold them.

It was observed that the total value of the ZKJ tokens sold was $3.1 million, and the total value of the $KOGE tokens was $550,000.

Following the developments, ZKJ lost approximately 80% of its value in the last 24 hours, while $KOGE lost approximately 50%.

Chart showing the decline in $KOGE price.

In addition, other whale activity over the past 24 hours has also yielded some interesting results. According to the data, a crypto whale withdrew 15.15 million ENA tokens worth $4.48 million via Bybit.

On the other hand, an ancient $ETH whale that participated in Ethereum’s initial coin offering (ICO) event showed vital activity for the first time in almost 10 years, moving 0.002 $ETH worth $5. This whale had purchased 2,000 $ETH at the ICO event for $622, the value of these coins is around $5.05 million at the time of writing.

*This is not investment advice.