According to PANews, Spot On Chain monitoring shows that BlockTower Capital seems to be selling FXS. In the past two days, the venture capital firm sold 150,304 FXS at about $10.5 in exchange for 1.51 million USDC, allegedly causing the price to fall by about 11%. They last sold FXS 7 hours ago and may soon sell the last 91,693 FXS (about $843,000). The total profit is expected to be $961,000 (+69%).