Massive PNUT Transaction Raises Eyebrows In a significant crypto movement, an anonymous whale recently withdrew 10 million PNUT tokens ($6.1 million) from the Binance exchange. This transaction, reported by Spot On Chain, represents a startling 1% of the PNUT's total circulating supply. Shortly after the initial withdrawal, the whale transferred the majority of the funds to a non-custodial exchange, indicating a possible intent to hold the tokens rather than liquidate them immediately. Speculation and Market Impact This whale's actions have sparked speculation and potential market implications. Some analysts believe it could be a signal of increased confidence in the PNUT project, while others suggest it may be a strategy to move the tokens to a more private storage solution. Market Watch Investors will be closely monitoring the market in the coming days to see if this whale's actions have any significant impact on the price and trading volume of PNUT.