Altcoins bought or sold by big investors, namely whales, are followed by smaller investors.
At this point, while whale movements are of great importance in terms of dump or pump in the relevant altcoin price, Lookonchain said that a big whale is selling altcoins.
Sharing from account X, Lookonchain said that a whale who was successful in finding the peaks in the altcoin named OCEAN deposited OCEAN to Binance today.
Accordingly, this whale deposited 3 million OCEAN worth 1.63 million dollars to Binance.
“A whale wallet deposited 3 million OCEAN (worth $1.63 million) again today.
Looking at the previous transactions of this whale wallet, it seems that this whale always deposits Binance OCEAN after the OCEAN price reached its peak.
This whale wallet currently contains 23 million OCEAN ($12.6 million).”
After these whale transfers, there was a 3% decrease in the OCEAN price.
A whale wallet related to #OceanProtocol deposited 3M $OCEAN($1.63M) again today.
Coincidentally this wallet always deposits $OCEAN to #Binance after the price reaches its peak.
The wallet currently holds 23M $OCEAN($12.6M).https://t.co/e1eJH1hvAK pic.twitter.com/qhi8mMnHPg
— Lookonchain (@lookonchain) December 5, 2023
*This is not investment advice.
