A private wallet pulled 2.6M $Lobster ( $龙虾 )(~$105K) from Gate around $0.040 and moved it straight into self-custody.
What makes this interesting: Gate has also been moving a large amount of $Lobster ($龙虾 ) into cold storage.
So while exchange reserves are shrinking, this whale is taking another $105K worth of tokens off the active market.
If more wallets keep doing the same while demand picks up, the available sell-side liquidity could get very thin
What makes this interesting: Gate has also been moving a large amount of $Lobster ($龙虾 ) into cold storage.
So while exchange reserves are shrinking, this whale is taking another $105K worth of tokens off the active market.
If more wallets keep doing the same while demand picks up, the available sell-side liquidity could get very thin
