Token

Filecoin

Millions

JasmyCoin

Cosmos

<p>The price of JasmyCoin (JASMY), Japan’s largest crypto project, has seen significant momentum over the past few days. According to data from Coingecko, JASMY has surged over 29% in the last 24 hours to <a href="https://www.coingecko.com/en/coins/jasmycoin" target="_blank" rel="noopener noreferrer nofollow">$0.009894</a>, representing a 71% weekly gain.</p>
<p>The spike comes as two dormant whales moved a combined 665.655 million JASMY ($5.36 million) from Coinbase <a href="https://platform.spotonchain.com/en/signal-details/two-whales-woke-up-to-withdraw-jasmy-from-coinbase-30876" target="_blank" rel="noopener noreferrer nofollow">according</a> to on-chain analytics firm, Spotonchain. The whales withdrew the tokens at an average price of $0.008054. One whale address is 0x8453a4b4a1133aa106e7c89d432abc8367b61e83, while the other is 0xAB5a13b31B98C502ad305c68aC7a6c6D79A42A27.</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="697" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-1024x697.png" alt="" class="wp-image-441133" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-1024x697.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-300x204.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-767x522.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-1536x1045.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-2048x1394.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-514x350.png 514w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751-788x536.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-751.png 601w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The two whale addresses have accumulated 1.223 billion JASMY from Coinbase since October 2021 at an average buy price of $0.01679. The total estimated cost for the whales is $20.54 million. Their 1.223 billion JASMY holdings are worth $10.88 million, representing an estimated 46.3% loss.</p>
<h2 class="wp-block-heading" id="strong-bullish-sentiment-building-around-jasmycoin-strong"><strong>Bullish Sentiment Building Around JasmyCoin</strong></h2>
<p>In addition to the whale activity, sentiment around JASMY has grown increasingly bullish lately. <a href="https://x.com/Web3Senator/status/1759785513588855122?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to crypto analyst “The Wolf of Memes Street,” increased interest from Japanese venture capital investors could push JASMY to $0.30.</p>
<p>“JASMY is much closer to $0.01,” he tweeted. “Smashing and upward from here as Japan is prep for web3 VC investors. More than $0.5b in volume. Get ready for $0.30.”</p>
<p>Similarly, Clinix Crypto, in a <a href="https://www.youtube.com/watch?v=2GbZ0FxL1gY" target="_blank" rel="noopener noreferrer nofollow">YouTube video</a> discussion, sees the Japanese government’s approval of VC investments into crypto projects as a strong catalyst for JASMY.</p>
<p>“They’ve approved a proposal that would allow Japanese Venture Capital firms to invest in projects that only issue cryptocurrencies… which crypto is the biggest crypto from Japan?” the host remarked. “It’s Jasmy.”</p>
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<p>Furthermore, the Clinix Crypto host cites JASMY’s affiliation with venture capital firm DWF Labs as a potential driver of further price movement. “There’s a mention of JASMY’s affiliation with DWF Labs, which has a history of involvement in crypto price spikes and dumps,” the host said.</p>
<p>While acknowledging the risks of trading such a volatile asset, the channel’s host predicts JASMY could see another 20-30% upside if it holds current support levels around $0.0085.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/2GbZ0FxL1gY?si=l7UeQVNy3w9voyKV" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>The post <a href="https://captainaltcoin.com/japans-jasmycoin-price-soars-amid-whale-movements-can-jasmy-hit-new-ath-pay-attention-to-this-metric/" rel="noopener noreferrer nofollow">Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric

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