๐จ A $3.14 Million $LSK Supply Wall Just Hit OKX
An insider-linked Gnosis Safe Proxy appears to be moving millions of LSK across CEX and DeFi liquidity venues.
1 day ago, 374K LSK was routed to Arrakis Finance for Uniswap liquidity management.
Then, 22 hours ago, 8.51 Million LSK ($2.66M) moved through the Lisk L1ChugSplashProxy contract in three major tranches.
The biggest warning came next:
Two consecutive 5 Million LSK transfers were sent directly to OKX.
Thatโs 10 Million $LSK ($3.14M) moved into active hot wallets within just 4 hours.
When price pushes higher while a multi-million-dollar CEX deposit is waiting above, the liquidation risk can build quickly.
Keep an eye on the OKX wall and how $LSK reacts around these levels. ๐
NFA. DYOR.
An insider-linked Gnosis Safe Proxy appears to be moving millions of LSK across CEX and DeFi liquidity venues.
1 day ago, 374K LSK was routed to Arrakis Finance for Uniswap liquidity management.
Then, 22 hours ago, 8.51 Million LSK ($2.66M) moved through the Lisk L1ChugSplashProxy contract in three major tranches.
The biggest warning came next:
Two consecutive 5 Million LSK transfers were sent directly to OKX.
Thatโs 10 Million $LSK ($3.14M) moved into active hot wallets within just 4 hours.
When price pushes higher while a multi-million-dollar CEX deposit is waiting above, the liquidation risk can build quickly.
Keep an eye on the OKX wall and how $LSK reacts around these levels. ๐
NFA. DYOR.
