HomeAltcoinsBig trading firm Wintermute supposedly began buying up this different type of...

Big trading firm Wintermute supposedly began buying up this different type of Altcoin.

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Cryptocurrency market maker Wintermute has started buying Toncoin (TON).

Onchain data shows that Wintermute recently moved 275,000 TON tokens, which are worth about $1 million, to a private wallet with the short address 0x700. This happened about two hours ago.

The company sent 284,400 TON tokens to this address two weeks ago and still has them. No money has been sent to any cryptocurrency exchange from the address.

Nevertheless, Toncoin is still being talked about in the cryptocurrency world recently. The altcoin TON, which is connected to messaging app Telegram, went up even more after Telegram said it wants to become a public company.

The altcoin went up by about 15% in one day and has gained almost 70% in value in the past month.

However, it is important to note that TON is not available on big cryptocurrency websites like Binance and Coinbase. TON is now the 13th biggest digital currency globally.

*This is not a recommendation on what to invest in.

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