🟢 Insight Recap for $SNT
#Binance actively controls $SNT supply. Key points:
1. New wallets (<1M age) withdrawing ~500K $SNT each from exchanges, notably #Coinbase , indicating accumulation.
2. Price surge to $0.065: 2-year-old wallets depositing SNT token on Binance and Coinbase no new wallets depositing during the rise, continued withdrawals during price drop.
📍 Full address links: m3talab.io/post/on-chain-analy...
3. #Upbit 's SNT token holdings at 25%, down from 45% peak.
4. #SNT attracts short interest, resulting in -0.1% funding rate; now tempting for shorters as funding rate rebounds to +0.1%.