ORCA ran 40%. Holders locked up more.
One staking vault holds 11.37M $ORCA about 18.7% of the circulating supply. Over the last three days, more went in than came out, including about $3M staked yesterday evening.
Binance tells the other half. It moved 1.9M ORCA into its hot wallet on Oct 6, and today put 2.24M back into cold storage. The withdrawals it got ready for never came.
Holders locking up during a rally, and an exchange putting coins back in storage: that's the opposite of distribution. If the vault starts shrinking while price is up, that's the first sign it's changing.
One staking vault holds 11.37M $ORCA about 18.7% of the circulating supply. Over the last three days, more went in than came out, including about $3M staked yesterday evening.
Binance tells the other half. It moved 1.9M ORCA into its hot wallet on Oct 6, and today put 2.24M back into cold storage. The withdrawals it got ready for never came.
Holders locking up during a rally, and an exchange putting coins back in storage: that's the opposite of distribution. If the vault starts shrinking while price is up, that's the first sign it's changing.