【CryptoWorld】On-chain monitoring data shows that about half an hour ago, a significant transfer drew attention — a whale address moved approximately 1.972 billion MEME tokens from a marked Memeland wallet, then transferred all tokens into a major exchange. Based on the current price, this asset is valued at approximately $2.28 million.
Such large withdrawals often trigger market speculation: is it preparing to sell and cash out, or diversifying risk? From the timing, the whale’s quick action often reflects a short-term market outlook. Notably, large fund inflows into exchanges tend to increase selling pressure expectations, which may put downward pressure on MEME’s recent price.
For friends involved in MEME trading, this kind of on-chain large transfer data is undoubtedly an important reference signal. Whether adjusting trading strategies or assessing risk, paying attention to whale movements can help better grasp market dynamics.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
2
Repost
Share
Comment
0/400
TommyTeacher
· 22h ago
It's the same whale dumping again; this time, MEME is really looking shaky.
View OriginalReply0
ForkMonger
· 23h ago
ngl, 19.7b meme dumping is basically a governance stress test waiting to happen... watch the order book collapse when protocol incentives actually matter lol
Whale Big Move: 1.972 billion MEME tokens transferred to top exchanges, worth $2.28 million
【CryptoWorld】On-chain monitoring data shows that about half an hour ago, a significant transfer drew attention — a whale address moved approximately 1.972 billion MEME tokens from a marked Memeland wallet, then transferred all tokens into a major exchange. Based on the current price, this asset is valued at approximately $2.28 million.
Such large withdrawals often trigger market speculation: is it preparing to sell and cash out, or diversifying risk? From the timing, the whale’s quick action often reflects a short-term market outlook. Notably, large fund inflows into exchanges tend to increase selling pressure expectations, which may put downward pressure on MEME’s recent price.
For friends involved in MEME trading, this kind of on-chain large transfer data is undoubtedly an important reference signal. Whether adjusting trading strategies or assessing risk, paying attention to whale movements can help better grasp market dynamics.