ANOTHER 35M $SOPH MOVED SELLING PRESSURE ISN’T OVER
Guys, the $SOPH chart is breaking down, and the on-chain activity is getting interesting.
Just minutes ago, 11.97M SOPH was unlocked from a Sablier vesting contract. Those tokens were then routed through a proxy and consolidated into a 35.37M $SOPH stack worth around $372K.
At the same time, price is printing heavy red candles after the move toward $0.012, now trading near the critical $0.0095 support.
If more unlocked tokens keep moving toward exchanges, SOPH could face another wave of selling.
I’m watching $0.0095 closely. Lose that level and the downside could accelerate.
#SOPH
Guys, the $SOPH chart is breaking down, and the on-chain activity is getting interesting.
Just minutes ago, 11.97M SOPH was unlocked from a Sablier vesting contract. Those tokens were then routed through a proxy and consolidated into a 35.37M $SOPH stack worth around $372K.
At the same time, price is printing heavy red candles after the move toward $0.012, now trading near the critical $0.0095 support.
If more unlocked tokens keep moving toward exchanges, SOPH could face another wave of selling.
I’m watching $0.0095 closely. Lose that level and the downside could accelerate.
#SOPH
