$CAP Token transfers are starting—the whales are about to dump, and the project team's long positions have already been closed. Next comes a massive crash!

A large amount of CAP flowed to South Korean exchanges today! The same Upbit deposit address received 8.8 million CAP (worth $851,000) in two batches, 9 hours ago and 45 minutes ago.

Also, 50 minutes ago, three wallets each transferred about 3 million CAP, all within 7 minutes.

One of the wallets sent half directly to another Upbit account.

Including Bybit, about 13 million CAP (around $1.28 million) flowed into exchanges over these 11 hours.

Meanwhile, Squeeze Watch shows CAP in a “crowded long” state. Longs pay +0.068% every 4 hours.