An on-chain signal appeared for $BLUAI that I wouldn’t ignore.
50M tokens left the KuCoin wallet.
Amount — about $1.31M.
Moreover, before that, the wallet hadn’t made any such moves for about a month.
The balance gradually grew to 67M, and now in one go it dropped to 17M.
And here there are two completely different scenarios.
1. The tokens were sent from the exchange to private custody.
Then potential market supply decreases, and this could become fuel for a move when demand shows up.
2. The tokens were simply moved to another wallet for further selling.
Then there may be no bullish signal at all.
So the transaction itself proves nothing yet.
But the combination of “long accumulation → a sudden withdrawal of 50M” looks unusual enough to put $BLUAI on the radar.
Now I’m not looking at the pretty number $1.31M.
I’m looking at what this wallet does next.
That’s where there may be a real signal. 👀
#BLUAI #Crypto
50M tokens left the KuCoin wallet.
Amount — about $1.31M.
Moreover, before that, the wallet hadn’t made any such moves for about a month.
The balance gradually grew to 67M, and now in one go it dropped to 17M.
And here there are two completely different scenarios.
1. The tokens were sent from the exchange to private custody.
Then potential market supply decreases, and this could become fuel for a move when demand shows up.
2. The tokens were simply moved to another wallet for further selling.
Then there may be no bullish signal at all.
So the transaction itself proves nothing yet.
But the combination of “long accumulation → a sudden withdrawal of 50M” looks unusual enough to put $BLUAI on the radar.
Now I’m not looking at the pretty number $1.31M.
I’m looking at what this wallet does next.
That’s where there may be a real signal. 👀
#BLUAI #Crypto