Cumberland Has Sold $14.6M Worth of $UNI in 5 Days.
Cumberland’s wallet 0x091 has moved around 4.293M $UNI , worth roughly $14.6M, to major exchanges including Binance, Bybit, Coinbase and OKX over the past 5 days.
The latest transfer went to OKX just 20 hours ago.
Cumberland is a major institutional market maker and liquidity provider, so these flows are definitely worth watching.
If the selling continues, $UNI could face more pressure
A whale just bought 870k $AVAX worth $6.32m from Binance and split the withdrawal into three transactions.
The first transaction was used to test the wallet, followed by two larger withdrawals of 500k and 369.99k $AVAX .
Why split the withdrawal into three transactions? It’s a way to reduce risk: if something goes wrong with one transaction, he won’t lose the entire amount compared to withdrawing everything in a single transaction.
This is clearly a very cautious trader and his decision to buy AVAX this time was likely very well calculated.
Notably, $AVAX has been trading sideways for 11 weeks after a sharp three-week decline from $9.05 to $5.69. It is currently trading around $6.30.
What is making such a cautious whale start accumulating AVAX at this level?
Why I Think $ALLO Could Be a 1$ Coin in the Coming Months.
I’ve been watching $ALLO closely, and I think its market structure is different from many other altcoins.
This year, while several major coins have struggled and the broader market has seen heavy selling, ALLO has still managed to build momentum instead of completely breaking down.
The most important level for me is $0.22. This has acted as a strong demand zone and has held throughout the year.
As long as $ALLO continues respecting this area, the bigger structure remains interesting.
Now ALLO is around $0.29, with the next major levels around $0.35 and $0.50.
If those levels break with strong volume, I believe ALLO could eventually make a run toward 1$
Bitget Is Pulling Millions of $BTW Off the Market.
Bitget just moved another 5.57M $BTW (~$1.92M) into cold storage, only 9 minutes ago.
Earlier, 3.06M BTW (~$1.21M) was also moved to cold storage.
That’s nearly 8.6M BTW and $3.1M+ removed from Bitget’s active wallets in just 12 hours, with additional transfers taking the total close to 11.9M $BTW (~$4.25M+).
Price has been holding around the $0.34 area. Interesting exchange flow to watch from here.
$GPS Is Seeing a Very Different Kind of Exchange Flow
About an hour ago, OKX Blockdream moved 48.6M #GPS (~$752K) to Binance.
Normally, a transfer like that would raise dump concerns. But Binance then moved 121.4M $GPS (~$1.88M) straight into cold storage more than 2.5x the original deposit.
Meanwhile, $GPS has jumped 46% in 24 hours, from $0.0106 to $0.0155.