1kx dumps 203K Rocket Pool tokens after Binance listing
Share link:In this post: 1kx is looking to sell a portion of its Rocket Pool holdings after a 28% surge. Rocket Pool’s TVL jumped 2.5%, securing the 3rd spot among Ether liquid staking protocols. RPL’s trading volume soars by 1,624%.
Crypto investment institution 1kx is looking to dump a major portion of its Rocket Pool (RPL) holdings after a skyrocketing price action. After Binance announced the launch of RPL contracts on Monday, RPL price spiked by over 28%, forming a bullish momentum for its community.
The Ethereum liquid staking token has crypto traders buzzing as its total value locked (TVL) recorded a jump of 2.5% over the last day. Rocket Pool’s TVL stands at the 3rd spot in the category with $2.94 billion. Lido leads among Ether liquid staking protocols with a TVL of $23.04 billion.
1kx plans to cash out big on Rocket Pool surge
As per the data shared by Spot On Chain, 1kx had deposited more than 203K RPL (approx. worth $2.37 million). The investment firm is an early investor of the Rocket Pool and received around 500K RPL back in December 2020 at just a price of $2.56 per token.
1kx has deposited 313,739 RPL (approx. worth $3.7 million) to Binance since August 29. On-chain data shows that a wallet linked to the investment firm received 200,832 Rocket Pool tokens 6 days before the dump. It still holds 315,835 RPL tokens (approx. worth $3.62 million) staked.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump Announced He Will Issue His Own Coin: But It’s Not What It Seems
BlackRock CEO Larry Fink Makes Bullish Remarks on Bitcoin
Larry Fink, CEO of BlackRock, the world's largest asset manager, spoke about Bitcoin in his statement.
Sandbox’s Bullish Breakout: Could This Be the Start of a 200% Price Jump?
Charles Hoskinson Raises Concerns Over Trump and Harris’ Crypto Policies