In 24 hours, exchanges withdrew 17 million $STORJ = $8,084M, accounting for 78.44% of the deposit and withdrawal volume. So who is accumulating $STOTJ?
In 24 hours, Upbit withdrew $3 million $STORJ = $1,465M from Binance and Okex to its wallet via sub-wallet addresses. Upbit is currently the largest holder of $STORJ, with 77.5 million $STORJ = $37.33 million, accounting for 18.24% of the supply.
4 hours ago, the whale “0xdF7” withdrew 6,017M $STORJ = 2.92 million USD from Binance to his wallet.
The whale "0xCEB" withdrew 5.89 million $STORJ = $2.84M from Binance to his wallet an hour ago.
When the price of $STORJ was in the 0.42$ area, the trading volume increased dramatically. This proves that $STORJ has strong purchasing power. These huge trading volumes may come from Upbit and Whales. After the price of $STORJ increased by 10%, they began to withdraw $STORJ to their own wallets.
New wallet addresses usually only withdraw a large amount of altcoins without any other transaction activities. These are often the wallets of MM or VC to hide their real activities. Therefore, the wallet addresses 0xCEB and 0xdF7 are likely to be the wallets of MM or VC.
According to Firechart data, the recent bottom-fishing power comes from the blue orders of 1k-10k, causing the price of $STORJ to rise from 0.42-0.48$. At the same time, the red orders of 10k-100k tend to fall. It is said that this is because Upbit deposited $1.9 million STORJ = $0.9 million in the exchange 4 hours ago.
There are large buy orders in the $0.4 price range, which is also a strong support area for $STORJ. Maybe Upbit is trying to push for a new price.
In the past month, five new wallets have made large withdrawals totaling 40.59 million STORJ (equivalent to $19.72 million)! This accounts for 9.55% of the total supply! What’s more, the price of STORJ has skyrocketed by more than 100% during the same period!
If you are considering shorting/longing STORJ, keep an eye on these five wallets. They may hold the key to your strategy!
0x33: 25.57 million STORJ ($12.42 million) were withdrawn from Binance and OKX between September 15 and September 19.
0xdF: Recently withdrew 5.68 million STORJ ($2.76 million) from BINANCE today.
0x79: 5.35 million STORJ (US$2.6 million) were withdrawn from BINANCE on September 19.
0x97: 3.98 million STORJ ($1.94 million) were withdrawn from Binance on September 19.
0xCE: Another wallet just withdrew 5.89 million STORJ ($5.8 million) from Binance.
address:
0x3313ca79391615f373429f8d54eaa99f4eb09de2
0xdf75ac4d543eedf9c88fc930c8ae8a3799ba3251
0x79bc21817709580e6be466fce93e9bcfed82d5b7
0x97c13e89447b4a0984dee1c9e944aaae4d37dcd6
0xCEB587491f5730b45AFFCaD73053Cb2BD66D8ac2
