Odaily reported, citing on-chain analyst Ember, that two wallets possibly tied to the same whale or institution withdrew 110 million Longxia tokens from KuCoin and Gate on the day. The tokens were valued at $7.01 million at the time of the transfer and accounted for 11% of Longxia’s total supply. Separately, Longxia was up more than 40% on the day. The report did not identify the wallet owners and described the two addresses as possibly belonging to the same large holder or institutional entity. The tracked withdrawals and the token’s sharp intraday gain were the key details disclosed in the update.
Odaily, citing on-chain analyst Ember, reported that two wallets possibly controlled by the same whale or institution withdrew 110 million Longxia tokens from KuCoin and Gate on the day.
The holdings were valued at $7.01 million and represented 11% of Longxia’s total supply. Longxia was also up more than 40% on the day.
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