24 Dormant Whale Wallet Moved $24 Million Altcoin to the Cryptocurrency Exchange: To Sell or Burn?
24 dormant wallets deposited 428,145 OKB, equivalent to $24.31 million, on cryptocurrency mart OKX. Whales’ median token a lot rate was $56.78 per OKB.
These wallets owned unconcerned a unabbreviated amount of 443,718 OKBs from OKX 4 years ago at an median rate of merely $6.36, totalling $2.82 million. The advantage of the joint OKB assets possesses taking into reflection that matched by $21.59 million to $24.41 million, a 792% deepen over the a lot rate.
This progress comes on the heels of a purposeful Buyback and also Ulcerous occasion hosted by OKEX on March 16, 2024. Throughout this occasion, 11.48 million OKBs worth $748 million were landed ago and also burned. Insanely, 9.68 million OKB ($631 million) of these tokens came from 539 wallets that owned been dormant for 4 years, the incredibly same to the 24 wallets in terrify.
Team OKX possesses been gleaning ago to ulcerous OKB every three months taking into reflection that Can 4, 2019. This is based on sector and also operational functionality, but they execute not divulge fussy process. Imparted this craze, it stands to justification that 24 wallets could have went ago their OKB tokens for an additional Buyback and also Ulcerous occasion.
*This is not outlay advices.
