TUT saw sharp price swings on Aug. 9, triggering $36 million in liquidations within an hour and drawing broad market attention. According to monitoring by Ember, on-chain TUT activity has been dominated by transfers between centralized exchanges, with market makers or controlling holders appearing to handle most of the movement. The main recent flow has been from Binance to Bitget. Ember said that over the past day or so, 160 million TUT were transferred into Bitget, equal to 20% of the token’s total supply. The figures added to discussion around the token’s volatility and the concentration of exchange-side flows.
TUT posted sharp volatility on Aug. 9, with $36 million in liquidations recorded within one hour, putting the token in focus across the market.
According to monitoring by Ember, on-chain TUT activity has largely consisted of transfers arranged by market makers or controlling holders between major centralized exchanges. The main direction recently has been from Binance to Bitget.
Over the past day or so, 160 million TUT moved into Bitget, Ember said, an amount equal to 20% of the token’s total supply.
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