CandleFocus We Had Warned: Massive Rising Altcoin Suffers Major Correction, Whales Panic Sell
2024-10-16
Author: Content Editor
Reef (REEF), a cryptocurrency listed on Binance, suffered a 58% drop in value in one day, erasing all the gains it had made in the past month. Alphractal, an analysis company, had previously warned of a potential price correction. Three different wallets, believed to be owned by the same organization, sold 866 million REEF tokens, causing a loss of $2.53 million or 55%. These wallets now hold only $204k worth of REEF, resulting in an unrealized loss of $270k. The price of REEF has fallen by 67% in the last week. However, it is important to note that this article does not provide investment advice.
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