$BR is trading around $1.00 after pulling back from the $1.20+ area. The interesting part is the exchange flow:
Gate moved 13M BR ($12.54M) into its hot wallet a major supply increase. At the same time, Bitget moved 3.91M $BR ($3.94M) into cold storage, reducing active supply. A 660K BR ($637K) transfer also moved out of Gate's hot wallet.
So this isn't a simple “supply is leaving exchanges” story. Gate added a huge amount of liquidity while Bitget removed supply.
With price sitting near $1.00, the key question now is whether the market can absorb Gate's 13M BR without another wave of selling.
Over 208M $NOM moved into Binance cold storage in the last 5 hours, with 312M+ tokens moved out of Binance-related wallets over 24H.
At the same time, funding has turned negative, showing shorts are getting crowded.
But Coinbase also moved 112.5M NOM (~$234K) into its hot wallet. So we have heavy exchange withdrawals + crowded shorts + some fresh sell-side liquidity.
$BR : Big Supply Move at the 1$ Support, Ready to move $2
BR just bounced from around $1.00, and the on-chain activity is getting interesting.
Bitget moved 2.75M BR (~$2.88M) into cold storage.The move happened around the same time BR defended the $1.008 support.Meanwhile, a KuCoin-linked wallet sent ~$200K in $BR toward the active market.
Less BR sitting on exchange wallets could reduce immediate sell-side supply.
A dormant genesis insider wallet just woke up after 9 months, dumped 10.9 Million $AKE $572K
9 months ago, address 0x24ee...ac9C received 10.936M $AKE directly from the deployer's ERC1967Proxy contract for just $3,650. The wallet didn’t make a single transaction until 60 minutes ago.
They fired off a 42.5K token ($2.2K) test clip to Gate. The second it confirmed, they dumped the remaining 10.893M ake ($570.13K) in a single transaction.
Gate immediately funneled 10.845M $AKE ($575K) straight to Kraken’s hot wallet to clear the books.
This insider extracted $572,000 on a $3,650 cost basis (156x ROI) and completely drained their wallet to zero.