New Whale of Binance-Supported Altcoin: Massive Purchases Boost the Price!

Two new wallet addresses are collecting the once-popular play-to-earn project STEPN (GMT), supported by Binance. The on-chain data platform Lookonchain addressed altcoin transactions at 25th of March in its post. According to the announcement, the 2 wallets consecutively withdrew 52.7 million GMT worth $16.2 million from Binance through transactions. One of these wallets, “0xc7e”, became the address holding the most GMT, except the team and exchanges, by hosting a $12.1 million GMT purchase transaction. The whale carried out the GMT purchase at an average of $0.303. According to CoinGecko, the altcoin GMT, enabling earning money by walking through the StepN app, experienced a 8% increase after the whale’s purchase. GMT, which increased by more than 12% in the last 24 hours, is currently trading at around $0.3292 during the writing.