Lookonchain @lookonchain This monitoring platform is quite useful. When I was browsing Twitter, I saw information about $MERL, which reminded me that I have a lot of wallets on the Merlin chain with funds in them. According to Lookonchain's monitoring, in the past week, two wallets quietly withdrew 98.24 million $MERL from exchanges, which is about one-tenth of the circulating supply. Everyone understands that large holders withdrawing coins to wallets means they won't sell in the short term. What's more interesting is that this happened after the price increased by 70% over the past seven days. Instead of dumping after the price rise, they continued to accumulate at high levels. With chips being pulled out, the market is getting tighter. As long as more funds come in, the price elasticity will be amplified, setting the stage for something to happen. Recently, the Merlin chain has also made new moves on the fundamentals. The Nasdaq-listed company CIMG Inc. has set up a $55 million...
Show original
25.36K
19
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.