MASK token rises by 17% due to whale activity

Updated March 19, 2023 at 12:30 pm

Markets

MASK token rises by 17% due to whale activity

The price of Mask Network’s native MASK token has increased by more than 16.9% in the last 24 hours due to large transactions by an unknown whale.

The price of MASK token, the native digital currency of Mask Network, a blockchain protocol that allows users to send crypto, interact with dapps, and more on social media platforms, has posted decent gains in the last 24 hours.

Per a tweet by blockchain analytic platform Lookonchain, the MASK price increase from $3.27 to $4.16 can be attributed to a whale transaction.

1/ The price of $MASK rose from $3.27 to $4.16 today, an increase of 27%.

We noticed that a whale withdrew ～3.6M $MASK ($14.8M) from #Binance, #OKX, #Kucoin and #Huobi through multiple addresses.

It is likely that this address is driving up the price of $MASK. pic.twitter.com/bWdnXNXV4S
— Lookonchain (@lookonchain) March 7, 2023

According to data on CoinGecko, MASK token is changing hands for $3.85, with a market capitalization of $262.5 million. This represents a 90% drop from the MASK token’s all-time high (ATH) of $41.45 in February 2021.

MASK token rises by 17% due to whale activity - 1 — MASK price chart | Source: CoinGecko

The global cryptocurrency market capitalization currently stands at $1.02 trillion, a 0.14% increase in the last 24 hours, according to CoinMarketCap. The bitcoin (BTC) price has decreased by 4.4% in the past seven days, hovering around $22,374 at press time.