According to monitoring by on-chain analyst Yu Jin, two wallets that may belong to the same whale or institution withdrew 110 million Longxia tokens from KuCoin and Gate. The holdings were valued at about $7.01 million at the time of the transfer and accounted for 11% of the token’s total supply. The same update also said Longxia rose more than 40% on the day. The transfers point to a sizable movement of tokens off exchanges, though no additional ownership details were disclosed in the source report.
ChainCatcher reported, citing monitoring by on-chain analyst Yu Jin, that two wallets possibly tied to the same whale or institution withdrew 110 million Longxia tokens from KuCoin and Gate.
The tokens were valued at about $7.01 million at the time and accounted for 11% of Longxia’s total supply. The same report said Longxia was up more than 40% on the day.
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