On-chain data shows that the well-known investment firm Dragonfly Capital has been quite active recently. According to monitoring by Nansen, they have continuously deposited MNT tokens into a certain leading exchange over the past week, accumulating a total of 6 million tokens, equivalent to about 6.95 million USD. Interestingly, this institution's wallet also holds a large amount of chips—9.15 million MNT spread across multiple addresses, with a total value of approximately 10.76 million USD. Such a large position change indicates that their attitude towards this coin is adjusting. Are they testing liquidity or paving the way for subsequent operations? The subsequent trends need to be closely followed.
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SerumSurfer
· 12h ago
6 million coins smashed the exchange, still holding over 9 million... this rhythm has something going on, feels like testing the waters.
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GasFeeTherapist
· 13h ago
Um... is another Large Investor quietly dumping or probing before dumping? With 6 million coins at this pace, it feels a bit anxious.
On-chain data shows that the well-known investment firm Dragonfly Capital has been quite active recently. According to monitoring by Nansen, they have continuously deposited MNT tokens into a certain leading exchange over the past week, accumulating a total of 6 million tokens, equivalent to about 6.95 million USD. Interestingly, this institution's wallet also holds a large amount of chips—9.15 million MNT spread across multiple addresses, with a total value of approximately 10.76 million USD. Such a large position change indicates that their attitude towards this coin is adjusting. Are they testing liquidity or paving the way for subsequent operations? The subsequent trends need to be closely followed.