Key Highlights Bitmine, chaired by Tom Lee, withdrew 12,500 ETH worth approximately $34.55 million from Kraken exchange, per on-chain data from Lookonchain. The transfer implies an Ethereum price of roughly $2,764 at the time of the transaction and aligns with Bitmine’s stated Ethereum-focused treasury strategy. Analysts caution that exchange withdrawals do not conclusively confirm new ...
Shiba Inu Exchange Outflows Surge as SHIB Tests Critical Support Zone Shiba Inu ($SHIB) is approaching a pivotal technical support area while exchange data reveals a significant shift in token distribution. Recent on-chain metrics show hundreds of billions of SHIB tokens exiting centralized exchanges, a development that typically reduces immediate sell-side pressure and could provide ...
A Cumberland-linked wallet has accumulated 3.5 million $PONS tokens, valued at approximately $2.78 million, signaling institutional demand amid persistent exchange outflows that continue to tighten available supply. According to on-chain analytics platform Lookonchain, the wallet withdrew the tokens from Gate at an average acquisition price of roughly $0.80, moving a significant position off the exchange ...
$EDGE Faces Supply Pressure From $2.27M KuCoin Deposit Amid Sustained Exchange Outflows $EDGE encountered renewed supply pressure this week as a $2.27 million deposit to KuCoin clashed with persistent net exchange outflows and a recovering price structure. According to a prominent market analyst on X, the tokens originated from a bridge contract before moving through ...