🐋 $龙虾 is getting interesting.
A private wallet recently withdrew 2.6M $龙虾 (~$105K) from Gate around $0.040 and moved it into self-custody.
At the same time, Gate has also been moving a large amount of $龙虾 into cold storage.
Exchange supply is shrinking while whales continue taking tokens off the market. If demand starts picking up, sell-side liquidity could get very thin. 👀🔥
Watching this one closely.
A private wallet recently withdrew 2.6M $龙虾 (~$105K) from Gate around $0.040 and moved it into self-custody.
At the same time, Gate has also been moving a large amount of $龙虾 into cold storage.
Exchange supply is shrinking while whales continue taking tokens off the market. If demand starts picking up, sell-side liquidity could get very thin. 👀🔥
Watching this one closely.
