On-chain analyst Ai Yi said a wallet identified as 0x248…A6990 appears to have closed out its Niulai position after sending all of its holdings to Binance. According to the monitoring data cited by ChainCatcher, the address bought 10.26 million Niulai tokens on Aug. 17 at $0.02892 each. After holding the position for 44 days, it transferred the full amount to Binance about one hour before the report, with the tokens valued at roughly $1.181 million at the time of deposit.
If the tokens are sold, the wallet would realize more than $885,000 in profit. Ai Yi added that the same position had at one point shown an unrealized gain of $1.365 million. The report described the address as "smart money" that had built a near-$1 million floating profit on the token before the apparent exit.
ChainCatcher reported, citing on-chain analyst Ai Yi, that a "smart money" wallet with nearly $1 million in unrealized profit on Niulai appears to have exited the position.
The wallet, 0x248…A6990, bought 10.26 million Niulai tokens on Aug. 17 at $0.02892. After holding the position for 44 days, it sent the entire balance to Binance about one hour before the report. The transferred tokens were valued at about $1.181 million.
If sold, the position would lock in more than $885,000 in profit. Ai Yi said the same holdings had at one point reached an unrealized gain of $1.365 million.
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