The company, which is among the major institutional investors in the cryptocurrency market, continues to purchase Falcon X altcoins.
According to Lookonchain’s post, Falcon X is preparing for the bull. At this point, Falcon X purchased approximately $23 million from Binance, the world’s largest cryptocurrency exchange.
Accordingly, Falcon MATIC) was acquired.
We note that over the past week, #FalconX withdrew a total of 10M $IMX ($12.14M), 3.4M $LDO ($7.4M), and 4.23M $MATIC ($3.86M) from #Binance.https://t.co/aSFiHjYfX0 pic.twitter.com/ndbTHH7sZw
— Lookonchain (@lookonchain) November 14, 2023
Analysts commenting on Falcon X’s latest altcoin purchase stated that the purchases are part of FalconX’s long-term investment strategy and efforts to diversify its portfolio.
*This is not investment advice.
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