After a 46% increase, the Warning Storj Team sent 2.5 million tokens to Binance
Key Points:
- After a massive 46% increase in the previous 24 hours, the Storj team has deposited 2.5 million tokens on Binance.
- This may indicate that whales are profiting from the price increase.
- Upbit, Korea’s largest exchange, was the source of 57.78% of transactions.
According to data analytics firm Lookonchain, the Storj Team has deposited 2.5 million tokens, equivalent to $1.22 million, on Binance. Investors need to pay attention to the bull trap.
The STORJ token price has risen by 46% in the last 24 hours and by over 91% in the last 7 days, as previously reported. Investors are becoming more optimistic as a result.
Analytical data indicate that the Storj team holds 11.6 million tokens worth $5.7 million and has deposited many tokens on the Binance exchange after STORJ tokens increased in price through two transactions totaling $1 million and $1.5 million, respectively.
Investors may need to question whether this rally can continue or is just a bull trap that can disappoint investors with the upcoming downtrend in light of this token’s price spike and the questionable behavior of the project.
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However, in contrast to Bitcoin, the bulls have followed the most recent positive sign, demonstrating their strong commitment to STORJ trading. Furthermore, if buyers are able to withstand additional pressure, the current market trend may continue to rise.
Storj owns 1.14% of the $211,934,048 market cap of the 30 computing assets. There are currently 408,576,965 STORJ of circulating supply and 424,999,998 STORJ of total supply.
Koreans are the STORJ/KRW trading pair on the country’s largest crypto exchange, Upbit, which currently accounts for 57.78% of the total volume of assets. This is the reason for the most recent price action in STORJ.
The platform, which is based on the Ethereum blockchain and lets anyone store files without having to go through a centralized data center, is called Storj. Users will be able to rent extra space and securely store and retrieve data for a low fee through this system.
