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Whales move 9 million Decentraland (MANA) as the popularity of Metaverse tokens soars

An unknown whale has moved $ 51,103 worth of 9 million MANA tokens to another anonymous account. Interest in the Metaverse has boosted the reputation of Decentraland’s in-world tokens (also known as MANA), and this growing interest in tokens and non-fungible tokens (NFTs) will push tokens into significant profits in the coming months. May help raise.

According to CoinGecko data, Decentraland’s MANA tokens have skyrocketed by about 66.6% in the last 7 days of trading. Currently, it has a market capitalization of about $ 7.48 billion (about 55,755.38 rupees) and stands as the 30th largest cryptocurrency by market capitalization.

Essentially like a sandbox or Axie Infinity, Decentraland is a metaverse built on the Ethereum blockchain that allows users to buy, equip, and sell land in a virtual world. The Metaverse soon became one of the hottest topics in the world of technology, and the surge in interest and investment in this area has spawned a bullish catalyst for MANA tokens.

The overall crypto space remains very volatile, and the significant sellouts of Bitcoin, Ethereum, and other major tokens over the past week have led to an increase in mainstream crypto adoption. It highlights the fact that large price fluctuations are the norm. On the other hand, Decentraland and MANA have interesting use cases, and cryptocurrencies backed by promising features and services can still bring significant profits even when the wider market is facing bearish pressure. .. MANA is still a very risky investment, but it’s not surprising that tokens are well above current price levels, as the Metaverse Revolution seems to be starting to heat up.

Data from Whale stat It also shows that the largest Ethreum whale on record is drawing attention to play-to-earn game projects such as Decentraland and Gala. It is also an Ethereum-based Metaverse altcoin whose value has skyrocketed since its recent listing on Coinbase.


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Shomik is a Senior Deputy Editor of Gadgets 360. As a person who has screened consumer technology for the past four years, he is now shifting his focus to cryptocurrencies. When you’re not converting the value of the currency in his head, you might play in a fierce five-sided soccer match or shatter the latest Destiny 2 Weekly Challenge on Xbox. You can contact him for tips and questions at ShomikB@ndtv.com.more

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https://gadgets.ndtv.com/cryptocurrency/news/decentraland-mana-whale-9-million-tokens-metaverse-ethereum-play-to-earn-2624346#rss-gadgets-all Whales move 9 million Decentraland (MANA) as the popularity of Metaverse tokens soars

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