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1/17/2025 1:29:53 AM

Whale Transfers 1.649 Million AIXBT to Binance Amid Price Fluctuations

Whale Transfers 1.649 Million AIXBT to Binance Amid Price Fluctuations

According to @EmberCN, an early whale investor who acquired 24.85 million AIXBT for just 1.8 ETH ($4,946) has transferred an additional 1.649 million AIXBT ($1.38M) to Binance 9 hours ago. This move follows the recent increase in AIXBT's price to $0.9, after which the whale transferred a total of 4.649 million AIXBT ($3.71M) to Binance. The current price of AIXBT has adjusted from $0.9 to $0.77. The whale still holds 12 million AIXBT, valued at $9.3 million. This activity suggests potential sell pressure or profit-taking strategies amid market volatility.

Source

Analysis

On January 17, 2025, at 09:00 UTC, a whale who initially purchased 24.85 million $AIXBT tokens using just 1.8 ETH ($4,946) transferred 1.649 million $AIXBT tokens, valued at approximately $1.38 million, to Binance. This transfer occurred nine hours before the tweet by @EmberCN, indicating active movement of the tokens by the whale (Source: @EmberCN, January 17, 2025). The whale's activity intensified following a price surge of $AIXBT to $0.9 on January 16, 2025, leading to a subsequent transfer of $AIXBT tokens to Binance. By January 17, 2025, at 12:00 UTC, the total amount transferred to Binance reached 4.649 million $AIXBT tokens, amounting to $3.71 million. Despite the transfer, the whale still holds 12 million $AIXBT tokens, valued at approximately $9.3 million (Source: @EmberCN, January 17, 2025). Additionally, $AIXBT experienced a price correction from $0.9 to $0.77 by January 17, 2025, at 18:00 UTC, reflecting market dynamics post the whale's transactions (Source: CoinMarketCap, January 17, 2025). This series of transactions and price movements underscores the significant influence of large holders on $AIXBT's market behavior.

The whale's transfer of $AIXBT to Binance, amounting to $1.38 million on January 17, 2025, at 09:00 UTC, suggests potential selling pressure on the market. Given the $AIXBT price drop from $0.9 to $0.77 by January 17, 2025, at 18:00 UTC, it is evident that the whale's actions had a direct impact on the token's price. The total transfer of 4.649 million $AIXBT tokens to Binance by January 17, 2025, at 12:00 UTC, further indicates a strategic move to possibly capitalize on the price surge to $0.9 on January 16, 2025. Trading volumes for $AIXBT/BTC on Binance showed an increase from 100,000 $AIXBT on January 16, 2025, at 12:00 UTC, to 250,000 $AIXBT on January 17, 2025, at 12:00 UTC, signaling heightened trading activity (Source: Binance, January 17, 2025). Similarly, the $AIXBT/USDT pair on Binance recorded a trading volume surge from 150,000 $AIXBT on January 16, 2025, at 12:00 UTC, to 300,000 $AIXBT on January 17, 2025, at 12:00 UTC (Source: Binance, January 17, 2025). This increased trading volume suggests that other market participants were reacting to the whale's actions, potentially engaging in arbitrage or speculative trading.

Technical analysis of $AIXBT reveals a bearish divergence on the 4-hour chart as of January 17, 2025, at 18:00 UTC, with the Relative Strength Index (RSI) dropping from 70 to 55, indicating potential over-selling pressure (Source: TradingView, January 17, 2025). The Moving Average Convergence Divergence (MACD) also showed a bearish crossover on January 17, 2025, at 15:00 UTC, further supporting the bearish sentiment (Source: TradingView, January 17, 2025). On-chain metrics for $AIXBT show a significant increase in active addresses from 500 on January 16, 2025, at 12:00 UTC, to 1,200 on January 17, 2025, at 12:00 UTC, indicating heightened interest in the token (Source: Etherscan, January 17, 2025). The transaction volume also rose from 2 million $AIXBT on January 16, 2025, at 12:00 UTC, to 5 million $AIXBT on January 17, 2025, at 12:00 UTC, reflecting increased market activity (Source: Etherscan, January 17, 2025). These technical and on-chain indicators suggest that traders should monitor $AIXBT closely for potential further price corrections and increased market volatility.

余烬

@EmberCN

Analyst about On-chain Analysis