On Oct. 7, BlockBeats cited monitoring data from EmberCN showing that two wallet addresses, which may belong to the same whale or institutional entity, withdrew about 110 million "Longxia" tokens from KuCoin and Gate during the day. Based on the current price, the holdings were valued at roughly $7.01 million.
The tracked withdrawal accounted for about 11% of the token’s total supply, making it a sizable accumulation in a single move. At the same time, "Longxia" had climbed more than 40% on the day, according to the report. BlockBeats did not identify the entity behind the wallets, and the attribution remained tentative in EmberCN’s monitoring note.
BlockBeats reported on Oct. 7, citing EmberCN monitoring data, that two wallet addresses withdrew about 110 million "Longxia" tokens from KuCoin and Gate on the day, with the holdings worth about $7.01 million at current prices.
According to the monitoring note, the two addresses may belong to the same whale or institution. The amount withdrawn represented about 11% of the token’s total supply. At the same time, "Longxia" was up more than 40% on the day.
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