Price Analysis View Non-AMP

The Graph Major Announcement Today: GRT Whales Sell on High Impact News Fueling Further Price Correction

Published by
Zameer Attar

After an impressive 60 percent rebound in the past four weeks, The Graph (GRT) price has reached a notable resistance zone, fluctuating between 16 and 22 cents on Tuesday. It is currently trading around $0.1411 during the early Asian market hours.

This resurgence signifies a macro-level recovery for The Graph, following the crypto bear market’s harsh impact in recent times. Additionally, the mid-cap altcoin is on the verge of recording a daily golden cross between the 50 and 200 Moving Averages (MA), with the weekly 50 MA serving as a robust support level. These factors could further bolster bullish sentiments.

Whale Activity: GRT Whales Liquidate Amid Upcoming Announcement

Amid the possibility of a correction before a bullish continuation, whale accounts holding between 10 million and 100 million GRT units have initiated a significant sell-off, dumping approximately 180 million coins, valued at approximately $27 million, in the past 24 hours.

This accelerated whale sell-off coincides with reports suggesting that The Graph protocol is on the brink of making a significant announcement, ushering in a new era.

Having accumulated significant holdings in the past year, GRT whales have opted to secure modest profits, potentially prompting smaller holders to follow suit. This move aligns with the timeless trading strategy of “buy the rumors and sell on the news.”

Market Outlook: The Graph Gains Institutional Interest

As a utility blockchain project, The Graph has recently attracted prominent institutional clients, reflecting the growing adoption of cryptocurrencies in mainstream markets. At the time of this report, The Graph boasts a market capitalization of approximately $1.3 billion and an average daily trading volume of around $303 million.

Zameer Attar

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

DeepBook Protocol Price Prediction 2025, 2026 – 2030: Is DEEP a Good Investment?

Story Highlights The DEEP price today is . The DeepBook Protocol price could shoot to…

April 28, 2025

$30 Million Worth XRP Traded in Just 60 Seconds

XRP is on the move, rising over 6% in the last 24 hours and now…

April 28, 2025

Pi Network’s Ambassador Campaign: Can It Drive Real Value for Pi Coin Price?

Pi Network has made headlines in 2025, especially after its mainnet launch earlier this year.…

April 28, 2025

Miss Bitcoin’s Early Days? Bitcoin Solaris Offers Second Chance at Crypto Wealth on Solana’s Lightning-Fast Network

Back in 2010, buying Bitcoin for a few cents seemed silly. By 2017, it made…

April 28, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 28, 2025

The Power of Web3 in Monetization Tools

There are two forces at play in the world that are completely separate, yet were…

April 28, 2025