This week, Cobo Custody moved about 32.5M $AIOT into freshly created wallets, and part of it has already reached the market.
Roughly 11.5M AIOT was sold into PancakeSwap in chunks of 2 to 2.5M, and another 800K went to Gate.
But the bigger story is what hasn't moved yet. Around 20M AIOT is still sitting in brand-new private wallets.
AIOT is trading at 0.149 right now.
If those wallets start selling, the funding rate should be the first place it shows up. Worth keeping an eye on.
Roughly 11.5M AIOT was sold into PancakeSwap in chunks of 2 to 2.5M, and another 800K went to Gate.
But the bigger story is what hasn't moved yet. Around 20M AIOT is still sitting in brand-new private wallets.
AIOT is trading at 0.149 right now.
If those wallets start selling, the funding rate should be the first place it shows up. Worth keeping an eye on.
