At around 9:40 in the morning, $HIGH transferred a large amount of tokens worth 800,000 U from the third-ranked address to the exchange. After entering the exchange, it fell by up to 20%. Does it seem to have a significant effect? But if you simply transfer large amounts on the chain to the exchange to open short orders, you will probably lose money already. I have posted nine similar pictures before, but this time it is the only one that stands out (and there are no contracts on HIGH or Binance, and you cannot borrow leveraged coins)

There is a lot of noise on the chain. It needs to be screened to find the truly useful information. It needs to be explored slowly and more carefully.

#ETH #crypto2023 #Binance #Web3 #HIGH