$龙虾 Have tokens been withdrawn to external wallets?
Yes, and on a very large scale.
According to Lookonchain data (October 10):
Two new wallets withdrew a combined 280.75 million 龙虾 tokens from exchanges (mainly KuCoin and Gate) in just 3 days.
Approximate value: $12.21 million.
This represents about 28% of the total supply (1 billion tokens).
A small portion of one wallet’s funds came from private wallets; the rest came from exchanges.
So far (according to reports), neither wallet has moved the tokens again (no apparent selling or new deposits).
This is the largest recorded collective withdrawal of the coin in recent times, and represents a clear move from exchanges to external wallets (self-custody).
Quick summary
Whales have withdrawn a very large amount from exchanges to new external wallets.
On-chain liquidity is relatively low compared with the size of these transactions.
Concentration is high: large wallets, including these two, control a significant portion of the supply.
This type of withdrawal reduces the amount available for immediate sale on exchanges, but it also increases the risk of manipulation or a sudden sell-off later if these wallets decide to sell. Keep a close eye on the activity of these two wallets in particular.
This could push the price up to 0.10
Yes, and on a very large scale.
According to Lookonchain data (October 10):
Two new wallets withdrew a combined 280.75 million 龙虾 tokens from exchanges (mainly KuCoin and Gate) in just 3 days.
Approximate value: $12.21 million.
This represents about 28% of the total supply (1 billion tokens).
A small portion of one wallet’s funds came from private wallets; the rest came from exchanges.
So far (according to reports), neither wallet has moved the tokens again (no apparent selling or new deposits).
This is the largest recorded collective withdrawal of the coin in recent times, and represents a clear move from exchanges to external wallets (self-custody).
Quick summary
Whales have withdrawn a very large amount from exchanges to new external wallets.
On-chain liquidity is relatively low compared with the size of these transactions.
Concentration is high: large wallets, including these two, control a significant portion of the supply.
This type of withdrawal reduces the amount available for immediate sale on exchanges, but it also increases the risk of manipulation or a sudden sell-off later if these wallets decide to sell. Keep a close eye on the activity of these two wallets in particular.
This could push the price up to 0.10