$5.6M $JCT TRANSFER — EXCHANGE FLOWS ARE GETTING INTERESTING
Hundreds of millions of $JCT tokens are moving between KuCoin wallets, while Gnosis Safe addresses are sending large amounts to multiple wallets.
One transfer alone involved 904.5M JCT worth around $5.6M, according to the tracker.
With JCT rallying hard recently and more unlocks approaching, these movements deserve attention.
But here’s the key distinction: exchange wallet transfers can be internal reshuffling, not necessarily selling.
I’m watching where this supply goes next especially whether it reaches deposit addresses and turns into actual sell pressure.
#JCT
Hundreds of millions of $JCT tokens are moving between KuCoin wallets, while Gnosis Safe addresses are sending large amounts to multiple wallets.
One transfer alone involved 904.5M JCT worth around $5.6M, according to the tracker.
With JCT rallying hard recently and more unlocks approaching, these movements deserve attention.
But here’s the key distinction: exchange wallet transfers can be internal reshuffling, not necessarily selling.
I’m watching where this supply goes next especially whether it reaches deposit addresses and turns into actual sell pressure.
#JCT