Latest Update
2026-10-06 23:27 UTC

龙虾: Whale Pulls 11% Supply Amid 40% Surge

龙虾: Whale Pulls 11% Supply Amid 40% Surge

龙虾 jumps 40% after two wallets withdraw 110M tokens ($7.01M) from KuCoin and Gate.io, representing 11% of total supply at $0.06.

Source

Analysis

龙虾 surged more than 40% today after two wallets, likely controlled by the same whale or institution, withdrew 110 million tokens valued at $7.01 million from KuCoin and Gate.io, accounting for 11% of the project's entire supply.

Addresses linked to the transfers show direct extraction from centralized exchanges, a move that often signals accumulation ahead of further volatility. The timing aligns with the sharp intraday rally, pushing the token to its current level of $0.06.

Price action on the 4h chart shows 龙虾 holding exactly at the EMA50 support of $0.06 while the EMA200 sits higher at $0.09 as long-term resistance. The MACD registers a golden cross at 0.0, yet RSI at 55.92 remains neutral, leaving room for continuation. With the token trading inside the Bollinger Bands and the upper band at $0.07 acting as immediate resistance, any push higher would likely target that level before a potential retracement to the $0.06 EMA50 confluence zone. Traders watching 龙虾 price prediction models now focus on whether sustained volume can break the bearish structure established over the past six months.


余烬

@EmberCN

Analyst about On-chain Analysis