Over the past week, the same private wallet has been receiving repeated $STAR transfers from the same source address.
The latest distribution occurred 2 days ago, when newly minted $STAR was issued from the Null Address (0x000) to an intermediary wallet, which then distributed multiple batches to 3BLi137....
That wallet now holds 128.13M $STAR , valued at approximately $13M, making it one of the largest private STAR holders on-chain.
So far, there have been no exchange deposits or outgoing distributions from this wallet, suggesting the allocation is still being held.
Whether this is a treasury, ecosystem reserve, market maker, or another operational wallet remains unconfirmed, but it's certainly one of the most important STAR addresses to monitor going forward.
The liquidation heatmap shows a large concentration of leveraged positions sitting above the current price, with the biggest liquidity cluster around $0.0051–$0.0053.
As long as momentum holds, $AKE could continue moving toward those levels as the market hunts liquidity.
Strategy just reported an $8.22B Q2 loss and authorized up to $5B in potential Bitcoin sales. Is this risk management or something else? keep eye on your bag now $EPIC $SOL