GSR Market Deposits Over $3 Million Worth of RARE Token on Binance
CryptoNewsTerminal Staff18 Aug, 2024
GSR Market Deposits Over $3 Million Worth of RARE Token on Binance
On-chain analyst The Data Nerd revealed via Twitter that an address believed to be crypto market maker GSR Market has deposited 10.9 million RARE tokens ($3.41 million) to Binance within the last 24 hours. This substantial transaction showcases GSR Market's confidence in the potential of the RARE token. At the time of writing, RARE is trading at $0.3117, marking a significant 32.77% surge in value over the past day, as per CoinMarketCap. This recent price increase highlights the growing interest and demand for the RARE token within the cryptocurrency market. As one of the leading market makers in the crypto industry, GSR Market's substantial deposit of RARE tokens on Binance is a notable indicator of the platform's growing popularity and liquidity. This move is likely to further boost the trading volume and liquidity of RARE, providing more opportunities for traders and investors alike.
