According to Lookonchain, trader E4Rued executed a high-profile trade by withdrawing approximately $10K from Binance 28 days ago to invest in $LAUNCHCOIN before its price surge. E4Rued subsequently sold all holdings for $3.46M, realizing a profit of $3.45M, and deposited the funds back into Binance. This significant profit-taking event highlights the potential for sharp price volatility and whale-driven moves in newly launched tokens, signaling increased risk and opportunity for active traders watching on-chain movements (source: Lookonchain, May 21, 2025).

According to Lookonchain, Hashed (@hashed_official) deposited 18.45 million SAND tokens worth $6.3 million to Binance just two hours ago, signaling a potential profit-taking move. This follows Hashed's previous withdrawal of 11.36 million SAND ($2.9 million) from Binance at $0.26 per token last month. Since that withdrawal, SAND has surged by 35%, indicating Hashed's effective buy-low, sell-high strategy. Large-scale deposits to exchanges like Binance often precede increased selling pressure, making this a critical indicator for short-term SAND traders. Source: Lookonchain Twitter, intel.arkm.com.