New Bull Run Detected: This Altcoin Spiked 51% In a Week
- The altcoin Aragon (ANT) laid five consecutive daily green candles since Thursday.
- Remarkably, ANT hit its 1-year-high at $3.999 on June 17.
June 10 was nearly a partial doomsday of 2023 for the crypto market when most of the altcoins hit horrible lows. But the subsequent rebound experienced by them captured the attention. The altcoin Aragon (ANT) pulled off an astonishing rise. It jumped 51.24% to hit its one-year-high at $3.999 last Saturday, as per TradingView.
Right before this, ANT recorded its one-month low at $2.644 on June 10. Over the past 5 days, it surged 31.25% from $2.976 on Thursday to $3.906 at press time.
In the above chart, the bullish crossover, indicated by the MACD line surpassing the signal line, highlights the positive price action of Aragon (ANT). Additionally, the token’s average directional index (ADX) value above 25 denoted the favorable strength of the current trend. With this momentum, ANT hints at a potential upward trend in the market. At the time of writing, ANT traded at $3.91 with a 24-hour price gain of 1.8%, as per CoinMarketCap.
Giant Whale Activity Linked to Altcoin Recorded
In the last 24 hours, an altcoin whale acquired nearly 767.2K ANT tokens from two prominent cryptocurrency exchanges — Binance and OKX. The on-chain analytics firm Lookonchain identified Wintermute Trading as the owner of this whale account.
The price of Aragon( $ANT ) has increased nearly 30% in the past 3 days.
— Lookonchain (@lookonchain) June 19, 2023
We noticed that Wintermute Trading has withdrawn 767K $ANT ($2.96M) from #OKX and #Binance in the past 12 hours, and become the 10th holder of $ANT.https://t.co/2DvxEyTVn5 pic.twitter.com/g3qPI8o3wL
Reportedly, the DeFi trading platform Wintermute is the tenth-largest holder of this altcoin. But an hour ago, the Wintermute-labeled account transferred the entire 767,203 ANT holdings, now worth nearly $2.98 million, to an anonymous wallet “0x2F48.”
It is also important to know the past events of Aragon. In May, Aragon Network encountered the “51% attack” from a group of activist investors who attempted to manipulate the price of ANT. This led the project to cancel and repurpose its own DAO. A piece of negative news comes in after positive news. That is, just a month before this attack, Aragon pleased its community by announcing its upcoming collab with Polygon.
Within the community, high anticipation for witnessing project collaborations and new launches accompanied by altcoin bull runs soars as June nears the end.
Read more: https://thenewscrypto.com/new-bull-run-detected-this-altcoin-spiked-51-in-a-week/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
