MOCA Transfers Indicate Potential Market Making Activity
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According to Lookonchain, the Mocaverse's Operational Expenses and Liquidity wallets have transferred 24.5 million MOCA tokens, valued at $10 million, to exchanges including Gate.io, KuCoin, Bybit, and Bitget over the past two hours. This movement is likely intended for market-making activities. Following these transfers, the price of MOCA has surged by 42% today, indicating a possible increase in trading activity and interest in the token.
SourceLookonchain
@lookonchainLooking for smartmoney onchain