Yesterday, $BEAT tokens deposited into Gateio were distributed across multiple fresh wallets.
After that, price moved higher.
We've seen this kind of pattern in many tokens before distribution into fresh wallets before a major move, followed by the pump itself.
Today, a large transfer was made from the Gateio cold wallet to the hot wallet: 4.93M $BEAT , worth around $3.22M.
So far, there's still no activity from either this amount or the fresh wallets.
and now somehow $BEAT official website is error,
we can't see the platform activity for finding good reason about the aggressive move of the price
is that organic demand because high traffic on the platform? we don't know
we just know that BEAT spot flow is doing huge inflows last 24 hours
following short liquidation worth of $4,19M
but the important think is
there are ~5M BEAT ready to distribute soon,
it's worth of ~$5M at the current price
careful with your Fomo Long Position