GSR Market Buys Over $1.47M Worth of PIRATE Tokens

IconCryptoNewsTerminal Staff15 Jun, 2024

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GSR Market Buys Over $1.47M Worth of PIRATE Tokens

According to on-chain analyst The Data Nerd, an estimated address of GSR Market, a major cryptocurrency market maker, withdrew 4 million PIRATE ($1.47 million) from Bybit hours ago. This is the first time this address has purchased PIRATE. Around the same time, the same address deposited 1.4 million ARB ($1.28 million) to Binance. GSR Market is a leading provider of liquidity and trading services in the digital asset markets. The firm has a strong track record of investing in promising cryptocurrency projects, and its recent purchase of PIRATE is a sign of confidence in the project's future. PIRATE is a privacy-focused cryptocurrency that has been gaining popularity in recent months. The project's focus on privacy and security has attracted a large community of supporters, and the token has performed well in recent months. GSR Market's purchase of PIRATE is a major endorsement of the project and could help to drive further adoption of the token. It will be interesting to see how the price of PIRATE responds to this news in the coming days.

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