This Chest Coin Flew: Whale Warning Came from Analysis Company!

Even though the chest coin wind has calmed down in the cryptocurrency market, some continue to make explosive moves. However, the background of the price movements of these tokens is very valuable. In this context, the analytics platform Lookonchain shed light on the background of the chest coin, which has emerged recently. The analysis company warned investors about the movements of a whale.

Lookonchain: Be careful when trading this chest coin!

cryptokoin.com As you can see from , the top lines of the market are following a calm course. However, in this calm market, some tokens attract attention with their price movements. On-chain analytics platform Lookonchain warned its investors about chest coin BEER. Lookonchain shared details about a whale’s potential manipulation tactics. In this context, the analytics platform made the following statement about the BEER whale:

Be careful when trading BEER. A whale sells large amounts of BEER to drive down the price, causing individual investors to sell in panic. It then buys BEER at the base to push the price up, attracting individual investors to buy on FOMO. When the price rises, he sells again in large quantities. We can see from the processes that the whale makes money from individual investors by buying low and selling high.

Solana-based chest coin BEER has a market cap of $166 million. The token is currently on the list of mid-sized crypto exchanges such as Gate.io, HTX and Kucoin. At the time of writing, BEER is trading at $0.000301, up nearly 80% in the last 24 hours. However, it rose to $0.0003752 during the day.

BEER daily price chart. Source: CoinMarketCap

BEER C. oin surpassed Bitcoin among the most searched searches

Bitcoin is consolidating in a range and is working hard to maintain its gains. It witnessed quite high volatility during the Fed’s interest rate decision process. In this process, some altcoins such as BEERCOIN and 4 other tokens left Bitcoin behind in the race. BEER became one of the most searched and viewed cryptocurrencies, according to CoinMarketCap information.

Most Viewed Cryptos. Source: CoinMarketCap

Crypto market overview

Today’s crypto prices continued to trade calmly. While Bitcoin (BTC) fell to the $66,000 price level, ETH traded below $3,500. Altcoins Solana (SOL), XRP, and chest coins followed the rolling price action in line with broader market trends. The global crypto market value decreased by 0.97% compared to yesterday, falling to 2.43 trillion dollars. Additionally, the total crypto market volume decreased by 17.20% to $73.07 billion in the past day. However, Uniswap (UNI) and Toncoin (TON) are up 5-8%, defying broader market trends.

Today’s top 100 crypto earners

• Uniswap (UNI) price increased by 7.68% and reached $ 10.42.
• Toncoin (TON) price increased by 5.63% to $7.92.
• Conflux (CFX) price increased by 5.20% to $0.1939.
• Ethena (ENA) price increased by 4.13% and reached $0.707.

Top 100 crypto losers today

• Stacks (STX) price fell 8.94% to $2.08.
• Brett (BRETT) price fell 8% to $0.1407.
• Akash Network (AKT) price fell 7.51% to $3.28.
• Arweave (AR) price fell 6.65% to $30.79.