Placeholder Makes Huge Profits from MKR and UMA

In this regard, venture capital firm Placeholder invested $32 million in Maker (MKR) and UMA to Coinbase.

According to blockchain data analysis platform Spot On Chain, Placeholder invested $20.9 million worth of 7,250 MKR and $11.9 million worth of 5 million UMA in Coinbase during the day.

Placeholder was an early investor in both MKR and UMA, buying MKR at an average price of $765 and UMA at $0.382.

Comparing the buying prices with the selling prices, Placeholder made a 4x profit on MKR and a 12x profit on UMA.

Galaxy Digital Sells Avalanche (AVAX)

Apart from Placeholder, Galaxy Digital also sold altcoins. According to blockchain analyst The Data Nerd, Galaxy Digital deposited $2.93 million worth of Avalanche (AVAX) to Binance.

Accordingly, Galaxy Digital deposited approximately 105,000 AVAX (2.93 million ) from its over-the-counter (OTC) wallet to Binance.

As a result of the sales, the prices of MKR, UMA, and AVAX fell.

The post Institutional Whales Dumped Millions in Three Altcoins Including AVAX! appeared first on Coin Engineer.

Bitcoin is really going through a turbulent period. Closing above $38,000 could indicate the upward trend could continue. However, we have seen pullbacks from this level three times, which might indicate possible drawdowns. In a possible retreat, $35,200 will emerge as a significant support level. Bitcoin movements require great caution during this period.

‣ Bitcoin (BTC) The BTC/USD pair is trading at $37,689, up 0.04% at the time of writing this article. Resistance levels for BTC are in the range of $37,800 – $38,000, while support levels are in the range of $37,000 – $36,400.

‣ Ethereum (ETH) The ETH/USDT pair is trading at $2,080, down 0.17% at the time of writing this article. Resistance levels for ETH are in the range of $2,090 – $2,130, while support levels are in the range of $2,000 – $1,967.

‣ ApeCoin (APE) The APE/USD pair is trading at $1.74, up 3.02% at the time of writing this article. Resistance levels for APE are in the range of $1.85 – $2.11, while support levels are in the range of $1.69 – $1.55.

‣ Cosmos (ATOM) The ATOM/USD pair is trading at $9.80, up 3.28% at the time of writing this article. Resistance levels for ATOM are in the range of $10.14 – $10.81, while support levels are in the range of $9.60 – $9.05.

‣ Alien Worlds (TLM) The TLM/USD pair is trading at $0.0149, up 7.45% at the time of writing this article. Resistance levels for TLM are in the range of $0.0155 – $0.0170, while support levels are in the range of $0.0138 – $0.0123.

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The post Prices on Bitcoin and Cryptocurrencies ! – November 26 appeared first on Coin Engineer.