Two newly opened wallet addresses are collecting STEPN (GMT), a once hugely popular play-to-earn project supported by Binance.
The on-chain data platform Lookonchain recently shared on March 25th that 2 newly opened wallet addresses were engaging in altcoin transactions.
According to the share, the 2 wallets consecutively withdrew 52.7 million GMT worth of $16.2 million from Binance.
The wallet with the address “0xc7e” hosted a $12.1 million GMT purchase transaction, making it the address with the highest GMT holdings outside of the team and exchanges. The whale bought GMT at an average of $0.303 levels.
According to CoinGecko data, the altcoin StepN saw an 8% increase after the whale’s purchase. With GMT rising over 12% in the last 24 hours, it is currently trading at $0.3292 during the time of writing.
