SuperVerse (SUPER) Token Surged 230% in The Past 7 Days

According to Lookonchain, the smartmoney on-chain platform, the price of SuperVerse (SUPER) has increased by approximately 230% in the past seven days. Superverse is a blockchain solution focused on building and delivering Web3 products that empower crypto natives with next-generation NFT functionality.

In a recent post on X (formerly Twitter), the smartmoney platform noted that two wallets tagged Spark Digital Capital, a research-focused crypto fund that invests in the future of blockchain and tech., deposited a total of 1.93 million SUPER, equivalent to $784,000 on the Binance exchange in the past three days.

In a separate post, Lookonchain noted that Spark Digital Capital withdrew 999,874 SUPER, equivalent to $181,000, from Binance on August 13, 2022, when the price was about $0.18. After waiting 469 days, the price rose, and the crypto fund sold SUPER to make profits.

SUPER’s latest rally started on November 11, after the Web3-focused crypto token broke above resistance around $0.1148. The price pulled back after the breakout and retested the resistance-turned-support before embarking on an unprecedented rally.

Data from TradingView shows that SUPER has gained over 340% in the last two weeks, with the biggest price move happening yesterday, November 25, when the price surged from $0.2241 to $0.4478.

Yesterday’s price movement ended at $0.3719 after the rally pulled back by 17%. However, the Web3-inclined crypto has resumed its rally and traded for $0.4402 at the time of writing, based on data from TradingView.

Although Lookonchain reported that Spark Digital Capital deposited and sold a significant amount of SUPER, it did not reveal if that was all of the SUPER tokens held by the crypto fund. Also, after yesterday’s pullback, SUPER has resumed its upward movement, with the price reflecting significant momentum.