In the last 24 hours, $LUNC worth $6.7 billion has been deposited into Binance.
According to the information shown in the image, deposits account for 6.7B LUNC (94%), while around 453M LUNC (6%) was withdrawn from Binance.
Overall, there was a large net inflow to Binance: compared to what left, much more LUNC has entered.
It is not yet certain that the sale of such a flow on its own is what’s happening—this could be preparation for trading, a transfer of liquidity, or the positioning of large participants. But the volume is large enough that it should be taken into account.
If these coins start being actively sold, the pressure on the price could increase noticeably.
According to the information shown in the image, deposits account for 6.7B LUNC (94%), while around 453M LUNC (6%) was withdrawn from Binance.
Overall, there was a large net inflow to Binance: compared to what left, much more LUNC has entered.
It is not yet certain that the sale of such a flow on its own is what’s happening—this could be preparation for trading, a transfer of liquidity, or the positioning of large participants. But the volume is large enough that it should be taken into account.
If these coins start being actively sold, the pressure on the price could increase noticeably.
