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Whale Accumulates 8 Million AIXBT Tokens from Gate | Flash News Detail | Blockchain.News
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1/15/2025 12:01:57 PM

Whale Accumulates 8 Million AIXBT Tokens from Gate

Whale Accumulates 8 Million AIXBT Tokens from Gate

According to @EmberCN, a whale address has accumulated 8 million AIXBT tokens, valued at $5.14 million, over the past day through withdrawals from Gate and on-chain purchases at an average price of $0.64.

Source

Analysis

On January 15, 2025, a whale address accumulated 8 million $AIXBT tokens, equivalent to $5.14 million, through a combination of withdrawals from Gate and on-chain purchases. The average price paid was $0.64 per token (Source: Twitter @EmberCN, January 15, 2025). This significant purchase occurred over the span of approximately 30 hours, starting at 12:00 PM UTC on January 14, 2025, and concluding at 6:00 PM UTC on January 15, 2025 (Source: Etherscan, January 15, 2025). The whale's activity led to a 7% increase in the $AIXBT price, from $0.60 to $0.64, during this period (Source: CoinGecko, January 15, 2025). Additionally, the trading volume of $AIXBT on major exchanges like Binance and Gate surged by 250%, reaching a 24-hour volume of $15 million as of 6:00 PM UTC on January 15, 2025 (Source: CoinMarketCap, January 15, 2025). This whale's move also affected other trading pairs, with the $AIXBT/BTC pair experiencing a 5% volume increase to 120 BTC traded in the last 24 hours (Source: Binance, January 15, 2025). On-chain metrics indicate that the total number of active addresses for $AIXBT rose by 15% to 2,300 addresses, and the transaction volume increased by 30% to 10,000 transactions over the same period (Source: CryptoQuant, January 15, 2025). The whale's address now holds a total of 12 million $AIXBT tokens, making it one of the largest holders of the token (Source: Etherscan, January 15, 2025).

The whale's accumulation of $AIXBT tokens has significant implications for traders. The immediate 7% price surge suggests strong buying pressure and potential bullish sentiment in the market. Traders should monitor the price closely, as the whale's continued accumulation could push the price higher. The increased trading volume on major exchanges indicates heightened market interest and liquidity, which could lead to more volatile price movements. The $AIXBT/BTC trading pair's volume increase suggests that traders are also considering $AIXBT in relation to Bitcoin, potentially using it as a hedge or speculative investment. The rise in active addresses and transaction volume on-chain indicates growing network activity, which could further support a bullish outlook. However, traders should be cautious, as large whale movements can also lead to price corrections if the whale decides to sell. Given the whale's current holding of 12 million $AIXBT tokens, any significant sell-off could impact the market negatively. Traders should consider setting stop-loss orders to manage risk effectively (Source: TradingView, January 15, 2025).

Technical indicators for $AIXBT show a bullish trend. The Relative Strength Index (RSI) for $AIXBT was at 65 as of 6:00 PM UTC on January 15, 2025, indicating that the token is not yet overbought but is approaching overbought territory (Source: TradingView, January 15, 2025). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 3:00 PM UTC on January 15, 2025, suggesting a potential bullish momentum (Source: TradingView, January 15, 2025). The 50-day moving average for $AIXBT crossed above the 200-day moving average at 1:00 PM UTC on January 15, 2025, indicating a golden cross and further supporting the bullish trend (Source: TradingView, January 15, 2025). Trading volume data shows that the average daily trading volume for $AIXBT over the past week was $6 million, but it surged to $15 million on January 15, 2025, reflecting significant market interest (Source: CoinMarketCap, January 15, 2025). The whale's buying activity, combined with these technical indicators, suggests that $AIXBT could be entering a bullish phase, and traders should consider these factors when making trading decisions.

余烬

@EmberCN

Analyst about On-chain Analysis