Mask Network (MASK) price soars 25% in the past 24 hours, with massive support from a trading volume of nearly 800%. The MASK price currently trading at $4.04, after hitting a high of $4.21.
The Binance-listed token once gained massive traction after Elon Musk’s Twitter takeover as the community believed it is one of the tokens to be supported for Twitter payments.
Lookonchain reported that a whale withdrew 3.6 million MASK tokens worth $14.8 million from crypto exchanges Binance, OKX, Kucoin, and Huobi through multiple addresses. It is likely that this address is behind the massive rise in the price of MASK. The price rose from $3.27 to $4.16 today, an increase of over 25%.
Etherscan data analysis revealed that the whale has 8,973,549 MASK tokens. The historical transfer-in and transfer-out of the address “0xEf7C” had impacted MASK price immensely. In many cases, transfer-in caused an increase in the MASK price and transfer-out caused the price of MASK to drop.
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