A week-long withdrawal just landed.
74.7M $LSK about a third of its market cap, left the Lisk L2 and arrived on Ethereum hours ago.
The withdrawal was started 7 days ago and only cleared now, after the bridge’s waiting period
On L2, the sender had been collecting LSK from two other wallets for weeks
The new Ethereum wallet still holds all of it. Nothing has moved yet
That is 2.6x a normal day’s trading volume.
If part of it reaches an exchange, that is supply the market has to absorb. If it stays where it is, this was a move to mainnet, not a sale.
Wallets and transfer in the reply.
74.7M $LSK about a third of its market cap, left the Lisk L2 and arrived on Ethereum hours ago.
The withdrawal was started 7 days ago and only cleared now, after the bridge’s waiting period
On L2, the sender had been collecting LSK from two other wallets for weeks
The new Ethereum wallet still holds all of it. Nothing has moved yet
That is 2.6x a normal day’s trading volume.
If part of it reaches an exchange, that is supply the market has to absorb. If it stays where it is, this was a move to mainnet, not a sale.
Wallets and transfer in the reply.