one of the top holder wallets sitting on a massive 266.4M $SLX ($29.3M) stack has been heavily distributing tokens to major exchanges over the last 7 days.
OKX : 15,000,000 SLX deposited.
Gate.i : 11,550,000 $SLX deposited.
Bybit : 5,000,000 SLX deposited.
Total Moved: 31.55 Million $SLX (~$4.35M) ready on the order books!
Whales don't send $4.3M in tokens to CEXs just to hold them there. Whether this is heavy profit-taking, OTC distribution, or team market-making, massive liquidity is being positioned. Expect heavy volatility and significant overhead resistance in the short term. Trade carefully!
OKX : 15,000,000 SLX deposited.
Gate.i : 11,550,000 $SLX deposited.
Bybit : 5,000,000 SLX deposited.
Total Moved: 31.55 Million $SLX (~$4.35M) ready on the order books!
Whales don't send $4.3M in tokens to CEXs just to hold them there. Whether this is heavy profit-taking, OTC distribution, or team market-making, massive liquidity is being positioned. Expect heavy volatility and significant overhead resistance in the short term. Trade carefully!