Powerledger ($POWR) Faces Significant Decline Following Whale Transaction
In the wake of Powerledger's notable surge, witnessing a remarkable 40% increase in price last week, the energy trading platform gained substantial attention across social media platforms. However, recent developments suggest a potential reason for the significant downturn in $POWR's value. Upbit, a key player in the cryptocurrency market, deposited a substantial 19 million $POWR tokens (equivalent to $8 million) to Binance. This whale transaction appears to coincide with the current massive price decline experienced by the $POWR token. https://twitter.com/0xScopescan/status/1744246494704935012?t=DEuakrzT3DI7dbpXH3wRqA&s=19 $POWR Price Action To Watch The decline is substantial, marking a 28% drop today alone. The 24-hour trading volume has decreased by 46%, contributing to a 28% reduction in market capitalization. Despite being one of the top daily losers on Kraken, Powerledger had observed an impressive over 200% gain in the past three months. This recent dip might present an […]