Crypto whales made massive purchases in a popular play-to-earn project.
According to on-chain analysis platform Lookonchain, two new crypto whales made multi-million dollar purchases in the popular play-to-earn project STEPN (GMT).
The data revealed that the two whales purchased 146.1 million GMT with a value of $49.35 million in the last 3 days. With these purchases, the two whales have acquired 7.91% of the circulating supply.
Recently, two different wallets opened within a short period of time had also made purchases of $45 million worth of GMT. This close timing raises the suspicion that these transactions may belong to the same person.
According to CoinGecko data, the increased interest and purchases have resulted in a 29% rise in GMT in the past week, trading at $0.345 at the time of writing.
