$BEAT update
Price is up ~30% since I first flagged the unusual on-chain activity.
The supply I tracked moving to Gate never hit the book as a dump. Instead, the flows have now flipped direction:
- Large withdrawals from exchanges to unlabeled wallets: ~$2M and ~$2.1M from Gate, plus ~$1M from MEXC to a single address.
- Gate pulled 1.44M BEAT (~$5.4M) from cold storage minutes ago, right after moving $8.6M into cold yesterday. Withdrawal demand forced a reversal.
- ~800K BEAT (~$2.8M) was burned to a dead address.
Two days ago tokens were piling onto exchanges. Now they're leaving. Whoever loaded supply either sold into strength quietly or changed plans, and the withdrawals suggest accumulation is winning for now.
I'll post an update if the direction flips again.
I post updates on my Telegram before X (link in the comments).
#beat #beatusdt
Price is up ~30% since I first flagged the unusual on-chain activity.
The supply I tracked moving to Gate never hit the book as a dump. Instead, the flows have now flipped direction:
- Large withdrawals from exchanges to unlabeled wallets: ~$2M and ~$2.1M from Gate, plus ~$1M from MEXC to a single address.
- Gate pulled 1.44M BEAT (~$5.4M) from cold storage minutes ago, right after moving $8.6M into cold yesterday. Withdrawal demand forced a reversal.
- ~800K BEAT (~$2.8M) was burned to a dead address.
Two days ago tokens were piling onto exchanges. Now they're leaving. Whoever loaded supply either sold into strength quietly or changed plans, and the withdrawals suggest accumulation is winning for now.
I'll post an update if the direction flips again.
I post updates on my Telegram before X (link in the comments).
#beat #beatusdt