A few hours ago:
#LAB LAB has been ranging between 4.00–5.00 for a while now. No major move yet.
There’s still no activity from the side wallets that previously received large distributions from Bitget cold wallet. As you know, that’s the main thing I’ve been waiting for.
Today, 1M$ LAB left from Gateio cold wallet. At the same time, 4.2M$ LAB was sent back into Bitget cold wallet.
As a result, the amount held in the Bitget cold wallet increased slightly again. Excluding side wallets, the cold wallet now holds around 161M LAB.
Other than that, no major movement.
#ESPORTS There’s a large token unlock happening today, yet price is still holding the same range surprisingly well.
I’m closely tracking the on-chain activity. The unlocked tokens were distributed across more than 10 wallets, but so far there’s no exchange inflow.
Short sellers still haven’t really been rewarded. A sell signal from those side wallets could trigger a sharp drop though.
#Q We’ve been talking for a long time about Bitget cold wallet accumulation.
Yesterday, the situation changed a bit. There were multiple outflows and distributions into side wallets.
Those wallets are currently inactive and volume is much lower compared to last week.
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