Reef (REEF), which can also be listed in futures on Binance, recorded a 58% drop at this time. With this drop, the altcoin fully erased all the rise it had skilled within the final month in in the future.
Graph displaying the change in REEF worth within the final month.
As Bitcoinsistemi.com, we wrote about REEF on October 10, when the Alphractal evaluation firm warned of a attainable correction in worth.
In accordance with the info, three totally different cryptocurrency wallets thought to belong to the identical group panicked and despatched 866 million REEF tokens value $2.07 million to the HTX, KuCoin and Gateio exchanges. With these gross sales, the whale wallets misplaced $2.53 million, or 55%.
These whales now maintain solely $204k value of REEF and have a complete unrealized lack of $270k.
The REEF worth has fallen by 67% within the final week. The altcoin will not be listed on the spot market on Binance, however is accessible for buying and selling on the futures aspect.
*This isn’t funding recommendation.
