$ETH
ETH, WhaleFactor is once again rehashing the same old story on X, focusing on Metalpha’s on-chain transfers and making a big issue out of them.
When you look through the on-chain records, what they call “sweeping up” is basically Metalpha’s Gnosis Safe Pro address receiving a certain amount of tokens from Binance hot wallets and similar sources.
What’s outrageous is that the original author keeps talking about “supply shocks” and “retail traders getting harvested,” twisting normal on-chain consolidation into something said to be a prelude to a sell-off.
Whether this can really stir up any waves in the market depends on whether subsequent market capital actually buys into it—don’t let a few sensational, speculative assumptions throw off the timing.
ETH, WhaleFactor is once again rehashing the same old story on X, focusing on Metalpha’s on-chain transfers and making a big issue out of them.
When you look through the on-chain records, what they call “sweeping up” is basically Metalpha’s Gnosis Safe Pro address receiving a certain amount of tokens from Binance hot wallets and similar sources.
What’s outrageous is that the original author keeps talking about “supply shocks” and “retail traders getting harvested,” twisting normal on-chain consolidation into something said to be a prelude to a sell-off.
Whether this can really stir up any waves in the market depends on whether subsequent market capital actually buys into it—don’t let a few sensational, speculative assumptions throw off the timing.
