TL;DR
- Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million.
- This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply.
- Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion.
The cryptocurrency market seems to be in a bearish mode, but a few tokens are still well in the green. One such example is Loom Network (LOOM).
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