The cryptocurrency market has been experiencing a wave of activity as it continues to assert its dominance. Against this backdrop, altcoin Render (RNDR) has demonstrated remarkable resilience in the face of price volatility. Significant whale trades related to RNDR were observed on the exchange platform Coinbase (NASDAQ:), indicating dynamic redistribution among major players.
Spot On Chain, a blockchain analytics company, tracked these whale activities, which included a group of four whales moving approximately 8.13 million RNDR. The movement was part of a larger trading pattern where two prominent wallets sold about half of these coins, netting a profit of $7.68 million.
In addition to this sale, wallets associated with Multicoin Capital were reported to be involved in the transfer of another large sum of RNDR, totaling approximately 3.52 million tokens, to Coinbase. Following these significant sell-offs, five new whales joined, raising approximately 5.29 million RNDR.
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