Ten Bitcoin cash whales have exited the network, perhaps sold their BCH in holdings after a 39 percent increase in the price of the crypto.
As of date, BCH is trading at 307.84 dollars after the 3% increase in price within 24hrs. BCH is the 5th biggest cryptocurrency by market cap, which is over 5 billion dollars market cap, while Chainlink is at 4.6 billion dollars.
As of the 1st of August, BCH whales have reduced in number by ten. Investors who had holdings between 10 thousand to 100 thousand Bitcoin cash, which is approximately 3 to 30 million dollars, have reduced accoding to the report of Ali Martinez, a crypto tweep.
Subsequently, the token increased on the 17th of last month to 307 percent from 224.46 dollars before climbing to a 3-month high of 311.34 dollars on the 31st of last month, indicating that investors could have sold off their assets.
Source: Cointelegraph
