💦💦Major Sale from Blockchain Gaming Giant: They Left the Existence with the Sale of Tens of Millions of Tokens! 💦💦

According to Arkham Intelligence's findings, Animoca Brands transferred $20 million worth of tokens with the transactions it carried out today. These coins were purchased at an average of $0.1356, and have a total value of $2.44 million.

Santiment observed a 750% increase in whale activity during the same period. It is thought that this increase may have been due to whales' desire to sell assets shortly before the token unlock event. According to data on the Token Unlocks website, 54.38 million PIXEL tokens will be unlocked today, corresponding to 7.05% of the total supply. This situation could lead to a significant increase in supply, triggering a decrease in prices.

The massive sell-off by Animoca Brands in the context of the upcoming unlock and the increasing whale activity are raising concerns about the future price movement of the asset. Today, the PIXEL price is trading at $0.1445, up nearly 3% in the last 24 hours. The token’s 24-hour low and high were set at $0.1275 and $0.1483, respectively. This price increase is in line with the optimism seen in the broader crypto market along with the Fed’s recent rate cuts.

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