This doesn't confirm selling, but when a token is up 118% in a single day, fresh supply entering an exchange is definitely something traders should keep an eye on.
Something interesting happened with $ESPORTS today.
Around 3 hours ago, coordinated on-chain transfers moved hundreds of millions of $ESPORTS from Gnosis Safe Proxy wallets into multiple newly funded addresses.
Almost immediately after those transfers, $ESPORTS surged more than 40%, catching the market's attention.
There are no confirmed exchange deposits tied to these wallets yet, so the purpose of the transfers remains unclear.
All Eyes on $SPCX : Bulls or Bears Take Control Today?
reports earnings today. Here are the 3 possible outcomes:
BULL CASE: Revenue beats $6.8B, Starlink beats $3.82B and losses shrink sharply. Options imply shares could rise +10% to +15%, reaching roughly $126 to $132.
This would put the $135 IPO price back in sight.
BASE CASE:
SPCX meets expectations but continues spending heavily on AI and Starship.
The stock may also struggle to rise because $104B in insider shares become eligible for sale two days later.
BEAR CASE:
Revenue misses, losses remain near Q1 levels or spending rises further. A -10% to -15% move would send shares toward roughly $97 to $103, marking new lows.
At its current price, $SPCX is worth around $1.5T. To become a $3 TRILLION company again, the stock must nearly DOUBLE.
$AVAX is gaining momentum. After a strong move, buyers are starting to take control again.
If AVAX continues to hold key support and volume keeps increasing, the $10 target is definitely in play this month. A breakout above resistance could accelerate the move.
I'm watching $AVAX closely. Momentum is improving, but confirmation is still needed.
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.