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.
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