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Whale Moves 34.99M TOKEN ($2.5M) to Bybit!

A whale, likely an investor, has made a significant transaction by claiming 34.99M TOKEN (worth $2.5M) from the Floki: Staking pool and depositing them to Bybit approximately 8 hours ago.

Transaction: 0x3c31e78bb853ddca908ce0a591534422b24df490aeb4744a3e09319eeea07ec2
Address: 0x8b05dc5c0d9e5494dfc097e5281e9ca79d69d7db

Key Observations:
Claims and Deposits: Since December 8, 2023, the wallet has claimed 67.66M TOKEN from various staking pools of TokenFi and deposited the tokens to Bybit via four transactions, including the most recent one, at an average price of $0.126 (totaling $8.54M).

Impact on Price: The TOKEN price dropped following the previous three offloads.

Remaining Holdings: The wallet still holds 46.11M TOKEN (valued at $3.37M) locked in the "Floki: Staking" pools until 2027 and 2028.

Stay tuned for more updates on major market activities and whale movements in the crypto space!

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