In a shocking twist, a key investor in the cryptocurrency market, identified by the wallet address GJwCU, has gone and done the opposite of what investors are advised to do in a bear market—by withdrawing 30,901 SOL tokens (worth an impressive $6.24 million) from Binance. Right before this big withdrawal, the wallet had been completely still for almost a year. Yet, here we are, back in November of 2022, as if almost no time has passed at all. Why did this so-called “whale” make this move? And what does it mean for the overall market? This transaction is not just
The post Whale GJwCU Withdraws $6.24M in SOL After Year of Dormancy: A Strategic Move Amid Memecoin Surge appeared first on The Merkle News.