According to Coincu, blockchain analytics firm Lookonchain recently observed significant withdrawals of $STORJ tokens, a digital asset associated with decentralized cloud storage, from various exchanges. Three whale wallets, identified as 0x3313, 0x79bc, and 0x97c1, withdrew a total of 34.9 million $STORJ tokens, equivalent to approximately $14.44 million.
The largest transaction involved wallet 0x3313, which withdrew 25.57 million $STORJ tokens (around $10.58 million) from exchanges. Wallets 0x79bc and 0x97c1 withdrew 5.35 million ($2.21 million) and 3.99 million ($1.65 million) $STORJ tokens, respectively. The most recent transaction observed was a withdrawal of 4,840,930 $STORJ tokens (valued at about $2.01 million) from Binance.
The current withdrawals by the whales suggest they are not buying at the doubled $STORJ price, possibly indicating earlier purchases and subsequent withdrawals to their wallets.
