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Whales Deposit a Combined 6.83M GMT to OKX, Selloff to Come?

Published 18/07/2023, 12:19
Whales Deposit a Combined 6.83M GMT to OKX, Selloff to Come?

  • Lookonchain tweeted that 3 whales transferred a staggering 6.83 million GMT to OKX today.

  • If these whales decide to sell the deposited GMT it will be at a loss.

  • At press time, GMT was trading at $0.2483 following a 1.41% drop in the past 24 hours.

The on-chain analytics platform, Lookonchain, revealed in a tweet earlier today that 3 whales collectively deposited a staggering 6.83 million STEPN (GMT), equivalent to $1.71 million, into the centralized exchange platform OKX. Interestingly, these same individuals had previously withdrawn GMT from Binance when the altcoin was trading at a higher price.

Lookonchain’s data indicated that these same whales withdrew GMT on December 7 and December 8 of 2022, at a time when the price of the crypto was approximately $0.4. If these whales decide to rid themselves of the deposited GMT tokens, i…

The post Whales Deposit a Combined 6.83M GMT to OKX, Selloff to Come? appeared first on Coin Edition.

The post Whales Deposit a Combined 6.83M GMT to OKX, Selloff to Come? appeared first on Coin Edition.

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