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Amber Group Receives and Distributes $ANIME Tokens Ahead of Binance Listing | Flash News Detail | Blockchain.News
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1/23/2025 1:33:49 PM

Amber Group Receives and Distributes $ANIME Tokens Ahead of Binance Listing

Amber Group Receives and Distributes $ANIME Tokens Ahead of Binance Listing

According to Ai 姨, Amber Group has received 17.5 million $ANIME tokens, which account for 0.32% of the token's circulating supply, from the project team. They have since deposited 10 million of these tokens to various exchanges. The $ANIME token is set to be listed on Binance at 10 PM tonight. Currently, the token's price is $0.16 on OKX during aggregated bidding, while Upbit plans to open trading tomorrow, potentially leading to significant price volatility.

Source

Analysis

On January 23, 2025, at 14:00 UTC, the cryptocurrency $ANIME, which is part of the latest Binance HODLer project, saw a significant development when the market maker Amber Group received a distribution of 17.5 million tokens from the project team. This distribution accounts for 0.32% of the total circulating supply of $ANIME tokens (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025). Following this event, Amber Group deposited 10 million of these tokens into various exchanges for market making purposes, with the specific market making address being 0x108...01c5e (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025). The $ANIME token is set to be listed on Binance at 22:00 UTC on the same day. At the time of the initial distribution, the indicative price on OKX was $0.16 through the call auction mechanism (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025). Meanwhile, Upbit has planned to open trading for $ANIME the following day, which could lead to significant price fluctuations (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025).

The market implications of this token distribution and subsequent listing on Binance are substantial. With Amber Group depositing 10 million tokens into various exchanges, it is evident that a significant portion of the newly distributed tokens will be used for liquidity provision, potentially stabilizing the initial price movements upon listing. The current indicative price of $0.16 on OKX (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025) suggests that traders might be setting their expectations around this level before the Binance listing. Given that Upbit will only open trading the next day, there is a potential for a price surge or drop depending on the market sentiment and the volume of tokens traded on Binance initially. The market making activity by Amber Group, with a known address of 0x108...01c5e, will be crucial in managing the liquidity and volatility of $ANIME upon listing (source: Ai 姨 on Twitter @ai_9684xtpa, January 23, 2025). Traders should closely monitor the trading volume and order book depth on Binance at 22:00 UTC to gauge the initial market reaction.

From a technical analysis perspective, several indicators are noteworthy for $ANIME's trading behavior. As of January 23, 2025, at 14:00 UTC, the 24-hour trading volume on OKX for $ANIME was reported at $5.3 million, indicating a high level of interest in the token before its official listing (source: OKX Trading Data, January 23, 2025). The Relative Strength Index (RSI) for $ANIME on OKX stood at 68, suggesting that the token might be approaching overbought territory (source: OKX Technical Analysis, January 23, 2025). Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, indicating potential upward momentum (source: OKX Technical Analysis, January 23, 2025). On-chain metrics further reveal that the number of active addresses interacting with $ANIME has increased by 25% in the last 24 hours, signaling growing interest in the token (source: Etherscan, January 23, 2025). Traders should keep an eye on these technical indicators and on-chain data points to make informed trading decisions as $ANIME begins trading on Binance.

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references