$UNFI has been causing disturbances in the crypto market, with its price flooding by a wonderful 60% in the previous month. In any case, similarly as with any crypto project on the ascent, the careful look of investors is attracted to the development of whale addresses.
$UNFI Whale Alert: Enormous Withdrawals
In a prominent turn of events, a new wallet executed a significant withdrawal of 200,049 $UNFI tokens, comparable to roughly $2.3 million, from Binance only eight hours ago. While such developments frequently show revenue and interest in the project, they can likewise set off worries, particularly for those hoping to short $UNFI.
Three $UNFI Whales On The Radar
A nearer assessment of the information uncovers that three wallets executed sizable withdrawals adding up to 1.82 million $UNFI, identical to a faltering $20.6 million, from Binance between August 24 and September 6. The typical withdrawal price during this period was roughly $7.25. Remarkably, the price of $UNFI surged by a great 135% during the equivalent time period, bringing about a huge profit of around $7.4 million at the ongoing price. So, the chance of these whales benefiting from their profits by selling $UNFI poses a potential threat.
The Smart Whale’s Methodology
One of the smart whales, recently referenced in conversations, executed an essential move by pulling out 905,934 tokens, valued at $5.14 million, from Binance at a price of $5.67. Hence, they stored 155,934 $UNFI tokens, worth roughly $1.46 million, back into Binance at a price of $9.38. By and by, this smart whale holds 750,000 $UNFI tokens, with an expected value of $7 million, bringing about a hidden profit of about $4.22 million. Many traders guess that this whale might pick to sell $UNFI when the price arrives at a peak.
With $UNFI’s new price surge, investors and traders are treading carefully, definitely cognizant of the developments inside the whale community. As they watch out for these critical withdrawals, the crypto market expects the direction and what these whale activities will mean for the resource’s future presentation. Whether $UNFI proceeds with its climb or experiences a market decline is not yet clear, yet one thing is sure – whale developments give significant bits of knowledge into the elements of the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.