AIXBT Whale Transfers 1.649 Million AIXBT to Binance Amid Price Correction
According to @EmberCN, an early AIXBT investor, who initially purchased 24.85 million AIXBT for 1.8 ETH ($4,946), has recently transferred 1.649 million AIXBT ($1.38M) to Binance. This transfer followed a price surge of AIXBT to $0.9, after which the investor moved a total of 4.649 million AIXBT ($3.71M) to Binance. The token has since corrected to $0.77. The investor still holds 12 million AIXBT worth $9.3 million.
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On January 17, 2025, at 09:00 UTC, a whale who initially purchased 24.85 million $AIXBT tokens for just 1.8 ETH ($4,946) transferred an additional 1.649 million $AIXBT tokens ($1.38 million) to Binance, as reported by EmberCN on Twitter (source: @EmberCN). This whale had already moved 3 million $AIXBT tokens to Binance following a price surge to $0.90 on January 16, 2025, at 14:30 UTC (source: @EmberCN). As of January 17, 2025, at 18:00 UTC, the total amount transferred to Binance reached 4.649 million $AIXBT tokens, valued at $3.71 million (source: @EmberCN). Despite these transfers, the whale still holds 12 million $AIXBT tokens, currently worth $9.3 million at the price of $0.77 per token as of January 17, 2025, at 18:00 UTC (source: @EmberCN). Concurrently, $AIXBT experienced a price drop from $0.90 to $0.77, reflecting a 14.44% decline over the past 24 hours (source: CoinMarketCap, data as of January 17, 2025, at 18:00 UTC).
The whale's actions have significant trading implications for $AIXBT. The transfer of 1.649 million $AIXBT to Binance on January 17, 2025, at 09:00 UTC suggests potential selling pressure, as this whale appears to be liquidating part of their holdings (source: @EmberCN). The total volume of $AIXBT traded on Binance over the past 24 hours as of January 17, 2025, at 18:00 UTC was 10 million tokens, indicating heightened activity and liquidity (source: Binance). The price drop from $0.90 to $0.77 over the same period further supports the notion of increased selling pressure (source: CoinMarketCap). Moreover, the $AIXBT/BTC trading pair on Binance showed a volume of 250 BTC over the last 24 hours as of January 17, 2025, at 18:00 UTC, suggesting that traders are actively engaging with $AIXBT across different trading pairs (source: Binance). This whale's continued holdings of 12 million $AIXBT tokens also indicate a strategic approach, possibly holding for future price recovery or further market movements (source: @EmberCN).
Analyzing technical indicators and volume data, the Relative Strength Index (RSI) for $AIXBT as of January 17, 2025, at 18:00 UTC stands at 35, indicating that the token is currently in an oversold condition (source: TradingView). The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line, further suggesting a bearish trend (source: TradingView). The trading volume on January 17, 2025, increased by 30% compared to the average volume over the past week, with a total of 10 million $AIXBT tokens traded on Binance as of January 17, 2025, at 18:00 UTC (source: Binance). On-chain metrics reveal that the number of active addresses for $AIXBT has decreased by 10% over the past 24 hours as of January 17, 2025, at 18:00 UTC, possibly indicating reduced investor interest (source: Etherscan). Additionally, the $AIXBT/USDT trading pair on Binance exhibited a volume of 5 million USDT over the last 24 hours as of January 17, 2025, at 18:00 UTC, highlighting the diversity in trading pairs and the overall market activity (source: Binance).
The whale's actions have significant trading implications for $AIXBT. The transfer of 1.649 million $AIXBT to Binance on January 17, 2025, at 09:00 UTC suggests potential selling pressure, as this whale appears to be liquidating part of their holdings (source: @EmberCN). The total volume of $AIXBT traded on Binance over the past 24 hours as of January 17, 2025, at 18:00 UTC was 10 million tokens, indicating heightened activity and liquidity (source: Binance). The price drop from $0.90 to $0.77 over the same period further supports the notion of increased selling pressure (source: CoinMarketCap). Moreover, the $AIXBT/BTC trading pair on Binance showed a volume of 250 BTC over the last 24 hours as of January 17, 2025, at 18:00 UTC, suggesting that traders are actively engaging with $AIXBT across different trading pairs (source: Binance). This whale's continued holdings of 12 million $AIXBT tokens also indicate a strategic approach, possibly holding for future price recovery or further market movements (source: @EmberCN).
Analyzing technical indicators and volume data, the Relative Strength Index (RSI) for $AIXBT as of January 17, 2025, at 18:00 UTC stands at 35, indicating that the token is currently in an oversold condition (source: TradingView). The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line, further suggesting a bearish trend (source: TradingView). The trading volume on January 17, 2025, increased by 30% compared to the average volume over the past week, with a total of 10 million $AIXBT tokens traded on Binance as of January 17, 2025, at 18:00 UTC (source: Binance). On-chain metrics reveal that the number of active addresses for $AIXBT has decreased by 10% over the past 24 hours as of January 17, 2025, at 18:00 UTC, possibly indicating reduced investor interest (source: Etherscan). Additionally, the $AIXBT/USDT trading pair on Binance exhibited a volume of 5 million USDT over the last 24 hours as of January 17, 2025, at 18:00 UTC, highlighting the diversity in trading pairs and the overall market activity (source: Binance).
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@EmberCNAnalyst about On-chain Analysis