A giant whale is locking an enormous amount of MORPHO into a cold wallet, causing a sharp drop in market circulating supply! About two hours ago, Binance hot wallets transferred 1,491,000 MORPHO (approximately $2.92 million) to cold wallets in two transactions: one for 974,000 (approximately $1.91 million) and the other for 517,000 (approximately $1.01 million).
When tokens are batch-transferred from hot wallets to cold wallets, it usually indicates reduced immediate selling pressure or a signal that large holders are planning to hold long-term, which may provide potential support to the price. $MORPHO
When tokens are batch-transferred from hot wallets to cold wallets, it usually indicates reduced immediate selling pressure or a signal that large holders are planning to hold long-term, which may provide potential support to the price. $MORPHO