A large whale has transferred 17.57 million Niulai tokens (worth about $1.5 million) to 7 addresses over recent days, according to on-chain monitor @ai_9684xtpa. The whale had accumulated the tokens since August 30 with a total cost of ~$1.787 million and an average entry below $0.086. Despite earlier community speculation of a loss-cut, the move was merely a wallet change. The whale remains underwater.
According to on-chain monitor @ai_9684xtpa, a large whale has moved 17.57 million Niulai tokens (valued at approximately $1.5 million) to 7 different addresses through multiple intermediate transfers over the past few days.
The whale had spent about $1.787 million to accumulate the tokens since August 30, with an average cost below $0.086. Earlier, the community speculated that the investor was closing out at a loss, but monitoring data shows the action was simply a wallet change. The whale is still in a floating loss position, with the bulk of the cost basis concentrated around the project's market cap of $86 million.
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