Why Is Binance’s $MASK Token Price Rising Today?

Mask Network (MASK) price is up 25% in the last 24 hours, with massive support from almost 800% trading volume. MASK price is currently trading at $4.04 after reaching a high of $4.21.

The Binance-listed token once gained huge popularity after Elon Musk’s acquisition of Twitter, as the community believed it to be one of the tokens supported for Twitter payments.

Look at chain reported that a whale pulled back 3.6 million MASK tokens worth $14.8 million from crypto exchange Binance, OKX, kucoin, And Huobi through multiple addresses. This address is probably behind the huge increase in the price of MASK. The price rose from $3.27 to $4.16 today, an increase of more than 25%.

Etherscan data analysis revealed that the whale has 8,973,549 MASK tokens. The historical inbound and outbound transfer of the address “0xEf7C” had a huge impact on the MASK price. In many cases, the influx led to an increase in the MASK price and transfer out caused the price of MASK drop.

According to OKLink on-chain data, 11,326 addresses contain MASK tokens. The top 10 addresses with MASK tokens account for 77.86% and the addresses with positions 11-20 account for 13.94%. It means that the price movement of MASK depends on these top wallet addresses. Binance, OKX and Celer Network are also among the largest holders of MASK tokens.

MASK token entries

Moreover, multiple listings of MASK by many different exchanges such as Upbit and AscendEX recently are the reason behind the huge trading volume.

South Korea’s Largest Crypto Exchange Upbit List MASK has attracted huge attention from the crypto community. The MASK token price is currently trading above $4 and looking

Also Read: Ethereum Creator Vitalik Buterin Dumps Multiple Memecoins, Is a Crypto Crash Imminent?

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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