Massive transfer of INX to Jump Crypto: a significant movement in the market

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Data from the blockchain analytics platform Arkham revealed significant INX token movements. On Monday, February 10th at 18:56 UTC, a total of 150 million INX tokens were transferred from an anonymous address starting with 0xa7cc directly to the Jump Crypto wallet. This is one of the largest transactions of its kind recorded recently.

Transfer Details and Involved Parties

The information was confirmed by the reputable aggregation platform ChainCatcher, which continuously monitors major transactions in the crypto space. Jump Crypto, an investment fund focused on blockchain technology, is the recipient of this massive token amount. The anonymity of the sender, with only the address starting with 0xa7cc available as an identifier, increases traders’ and analysts’ interest in the motives and background of this operation.

INX Price and Market Capitalization Context

INX (Infinex) is currently trading at $0.01, with a total market capitalization of $42.75 million. The trading volume over the past 24 hours was $525,770, indicating moderate liquidity. The total circulating supply is approximately 3.614 billion INX. Given these figures, the transfer of 150 million tokens to Jump Crypto represents a significant increase in their holdings and could potentially influence market sentiment.

Possible Market Implications

Such massive accumulation of tokens by institutions like Jump Crypto often signals long-term interest or strategic positioning in the project. Investors are closely watching whether this will lead to further activity or partnership engagement. Blockchain transaction transparency ensures that everyone can track these movements and estimate future trends based on the behavior of key players like Jump.

INX8,48%
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