SNX

According to reports, Lookonchain monitoring data shows that institutions that purchased approximately 5.437 million SNXs from Synthetix Treasury for $1500 from March 14 to March 16 transferred 2.66 million SNXs (approximately $7.5 million) to Coin An five hours ago. Data: An institution transferred 2.66 million SNXs to Coin An today, approximately $7.5 million Analysis based on this information:The cryptocurrency market is constantly evolving and changing, with new activities and transactions happening every day. Recently, Lookonchain monitoring data has reported a significant transfer of SNXs, the proprietary token of blockchain-based synthetic asset platform Synthetix, from institutions to Coin An. The institutions reportedly purchased approximately 5.437 million SNXs from Synthetix Treasury for $1500 between March 14 and March 16, and then transferred 2.66 million SNXs (approximately $7.5 million) to Coin An five hours ago. This transfer and purchase indicate a strong institutional interest in Synthetix as well as the wider cryptocurrency market. It is an early indicator of the demand for Synthetix’s…

According to reports, according to online data analyst ember monitoring, in the past two days, 10 million USDCs were spent to purchase the addresses of 3.4 million SNXs from the Giant Whale. Today, another 5 million USDCs were used through AirSwap’s OTC to purchase 2.02 million SNXs from the Synthetix treasury, with an average price of $2.46. A giant whale has spent 15 million USDCs to purchase SNX in the past three days, with an average price of $2.76 Analysis based on this information:The recent news that 10 million USDC were spent to purchase the addresses of 3.4 million SNXs from a Giant Whale in the past two days signals growing confidence in the Synthetix project. Online data analyst ember monitoring reported that another 5 million USDC have also been used in an OTC purchase of 2.02 million SNXs from the Synthetix treasury at an average price of $2.46. This flurry of purchases is significant because it is indicative of…