$PTB is showing clear on-chain distribution from early accumulators as price moves higher.
Between two and three months ago, wallet 0xB20f withdrew exactly 300M $PTB from Gateio hot wallets across four separate tranches.
The total value of these transfers was roughly $159K, putting their average entry point right around 0.00053.
Now, their positioning is changing.
12 hours ago, this same wallet deposited 100M $PTB ($125.1K) back into Gateio deposit addresses.
By offloading just one-third of their bag into the recent expansion, they have nearly recovered their entire initial investment.
More importantly, this wallet is still holding exactly 200M $PTB, which is currently worth $223K.
So an early whale has successfully de-risked their capital and is now floating a massive risk-free position overhead while retail buys the markup.
That’s the part I’m watching.
If this wallet begins routing the remaining 200M tokens onto the active exchange order books, downside distribution pressure will heavily accelerate.
No chasing here.
Just tracking the wallets, positioning and liquidity. 👀
Between two and three months ago, wallet 0xB20f withdrew exactly 300M $PTB from Gateio hot wallets across four separate tranches.
The total value of these transfers was roughly $159K, putting their average entry point right around 0.00053.
Now, their positioning is changing.
12 hours ago, this same wallet deposited 100M $PTB ($125.1K) back into Gateio deposit addresses.
By offloading just one-third of their bag into the recent expansion, they have nearly recovered their entire initial investment.
More importantly, this wallet is still holding exactly 200M $PTB, which is currently worth $223K.
So an early whale has successfully de-risked their capital and is now floating a massive risk-free position overhead while retail buys the markup.
That’s the part I’m watching.
If this wallet begins routing the remaining 200M tokens onto the active exchange order books, downside distribution pressure will heavily accelerate.
No chasing here.
Just tracking the wallets, positioning and liquidity. 👀
