The wallet address, which is thought to belong to Upbit, acquired 50% of the supply with the purchases it made specifically for an altcoin. On-chain analytics platform Lookonchain shared in its post on October 13 that a wallet thought to belong to Upbit, South Korea's largest cryptocurrency exchange, accumulated millions of dollars worth of Loom Network (LOOM) during the day. In the statement, it was stated that Upbit received 21.42 million LOOMs worth $ 5.83 million today, indicating a 30% increase in the price. It was stated that the wallet in question also holds 653 million LOOMs worth 181 million dollars, which is 50% of the total supply. LOOM continues to rally despite the 6x increase it experienced in one month. Binance recently launched futures transactions, responding to the demand for the altcoin, which has become everyone's favorite with its remarkable upward performance.