whales are distributing their holdings, early Wednesday one whale transferred $14 million in tokens to Binance.
holders’ profit-taking and exchange deposits could push prices lower The frog-themed meme coin has noted a spike in profit-taking by holders in the past ten days. Data from crypto intelligence tracker Santiment shows that between June 15 and 25, tokens worth $14.2 million to Binance, a centralized exchange address “0x0b1.” Analysts at Spotonchain suspect that the tokens are likely to be sold, or “offloaded” by the whale. The whale wallet has another $3.78 million or 300 billion
left, and the estimated total loss from $
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