On-chain data tracking shows that on January 6th, a large holder made a significant asset allocation adjustment. First, they cleared their holdings of 52.1 WBTC, cashing out approximately $4.86 million, which then flowed to a certain on-chain trading platform. Interestingly, this whale did not simply hold the coins but quickly invested 3.36 million USDC into the platform, then bought over 1.11 million LIT tokens at a price of $3. From Bitcoin to stablecoins and then to new tokens, this rapid switching operation reveals market participants' optimism towards certain new assets.
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.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
BlockDetective
· 01-05 17:48
Whale's move this time is pretty aggressive. Clearing out $4.86 million in one go, then turning around to buy LIT... Is this a signal or just gambling?
View OriginalReply0
rekt_but_resilient
· 01-05 17:42
What are the whales up to now? $4.86 million, just say it clearly. The pace is really intense.
View OriginalReply0
SmartContractDiver
· 01-05 17:41
The whale's move this time is truly impressive. $4.86 million speaks for itself, really no hesitation.
View OriginalReply0
zkNoob
· 01-05 17:31
Whales are rushing into the market with LIT... This pace is pretty intense.
On-chain data tracking shows that on January 6th, a large holder made a significant asset allocation adjustment. First, they cleared their holdings of 52.1 WBTC, cashing out approximately $4.86 million, which then flowed to a certain on-chain trading platform. Interestingly, this whale did not simply hold the coins but quickly invested 3.36 million USDC into the platform, then bought over 1.11 million LIT tokens at a price of $3. From Bitcoin to stablecoins and then to new tokens, this rapid switching operation reveals market participants' optimism towards certain new assets.