Loom Network Price Surges 31% as Whale Accumulates $6M in Coins; Ethereum-Based Token Up 140% in 7 Days

Ethereum-based Loom Network (LOOM) surged over 31% as a whale accumulated nearly $6 million worth of coins

The whale is suspected to be Korean exchange Upbit and controls about 50% of LOOM's total supply

After the price surge, the whale moved $17.7 million of LOOM out but still holds 47.5% of the supply

LOOM is up 140% over the past 7 days

Meanwhile, the 1inch Investment Fund was spotted buying ETH on dips to $1,551 and $1,645