$FLOKI whale cuts loss of 33 Billion Token onto Binance, putting huge pressure on FLOKI
๐น By selling the entire position worth $1.57 million this whale had to bear a realized loss of over $256,000 equivalent to a 14% loss after 8 months of holding showing extreme impatience
๐ธThis dumping action coincided with a spike in derivative trading volume on Binance and open Interest growth on proving short selling pressure is increasing strongly
๐น The movement of large token volumes into Binance exchange wallets confirms that floating supply is rising rapidly putting negative pressure on price in the short term
๐ธ When a major investor accepts leaving the game with a big loss it is often a sign of widespread pessimism. Retail investors need to be extremely cautious and should not rush to catch a falling knife without a clear reversal signal
Do you assess this stop loss action as momentary panic or a wise decision before $FLOKI crashes deeper?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
