An Ethereum (ETH)-based privacy-centric altcoin project is getting a boost from crypto whales making massive under-the-radar transactions, on-chain data shows.
According to blockchain tracking firm Lookonchain, crypto whales have been driving up the price of MASK token, helping it achieve its parabolic rallies over the past week.
Mask Network is a project that allows social media users to send content, messages or cryptocurrencies to one another in a private and encrypted manner.
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MASK, the project’s governance token, is up over 200% since 2023 kicked off. Lookonchain attributes the recent price increase to a number of deep-pocketed investors.
“The price of MASK increased by ~44% today.
This market maker received 3.5 million MASK from address ‘0x5459’ [on March 17th].
At the same time, multiple related addresses
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