Decentraland’s (MANA) Price Surge Prompts Accumulation Wave Among Millionaire Whales

On Friday morning, Decentraland‘s (MANA) price approached $0.40, raising its weekly gain to 18%. On-chain data reveals an accumulation wave among a cluster of price-curious millionaire whale investors. Will they trigger a MANA price recovery mission? Decentraland Whales and the SEC Decentraland began June 2023 tumultuously, with MANA being the target of lawsuits filed by the SEC against Binance and Coinbase. However, it seems that MANA whales have been shaking off the negative sentiment by starting to make large fresh investments this week. Despite recent lawsuits by the SEC defining MANA as a ‘security’, a group of ‘millionaire’ whales started buying the dip. On-chain data indicates that whales with a balance of 10 million to 100 million MANA bought 36 million more tokens between June 20 and 23. At the current market price of $0.38, the value of the whales’ new investments exceeds $13.6 million. The fact that large corporate […] The post Decentraland’s (MANA) Price Surge Prompts Accumulation Wave Among Millionaire Whales appeared first on COINTURK NEWS.