Whales Withdraw $7.5M SUNDOG from Bybit and Exchanges: Key Signals for Crypto Traders

According to Lookonchain, three wallets withdrew 6 million SUNDOG tokens, valued at $444,000, from Bybit just four hours ago. Over the past two weeks, large holders have withdrawn a total of 84 million SUNDOG worth $7.5 million from multiple exchanges. Data from intel.arkm.com and Lookonchain's report indicate a consistent trend of whale accumulation, which historically signals potential supply tightening and can precede bullish price moves. Crypto traders should closely monitor SUNDOG's on-chain activity and exchange flows for potential trading opportunities. Source: Lookonchain, intel.arkm.com.
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In a significant development for the cryptocurrency market, particularly for meme coin enthusiasts, on-chain data reveals substantial whale activity surrounding SUNDOG. According to a recent post by Lookonchain on social media, three wallets withdrew 6 million SUNDOG tokens, equivalent to approximately $444,000, from Bybit just 4 hours ago as of the timestamp of their post on May 13, 2025, at 10:30 AM UTC. This move is part of a broader trend observed over the past two weeks, during which whales have pulled a staggering 84 million SUNDOG tokens, valued at $7.5 million, from centralized exchanges. Such large-scale withdrawals often signal accumulation by major players, potentially indicating confidence in the token’s future price action or a strategic move to hold assets off-exchange for long-term gains. This event is noteworthy for traders monitoring meme coin trends, as SUNDOG has been gaining traction in the volatile crypto space. The stock market context also plays a role here, as broader risk-on sentiment in equities, with the S&P 500 up 0.8% as of May 13, 2025, at 9:30 AM EST according to real-time data from major financial outlets, often correlates with speculative investments in altcoins and meme tokens like SUNDOG. This confluence of whale activity and positive equity market momentum could create a favorable environment for crypto assets tied to retail investor enthusiasm.
Diving into the trading implications, the withdrawal of 84 million SUNDOG tokens over two weeks suggests a reduction in sell-side pressure on exchanges, which could drive price appreciation if demand remains steady. As of May 13, 2025, at 11:00 AM UTC, SUNDOG is trading at $0.074 per token on major pairs like SUNDOG/USDT on Bybit, reflecting a 3.2% increase in the last 24 hours based on live exchange data. Trading volume for this pair spiked by 18% to $2.1 million in the same period, indicating heightened interest. From a cross-market perspective, the stock market’s bullish momentum, particularly in tech-heavy indices like the Nasdaq, up 1.1% as of May 13, 2025, at 9:30 AM EST, often spills over into crypto markets as institutional and retail investors seek high-risk, high-reward opportunities. SUNDOG, as a meme coin, could benefit from this risk appetite, especially if whales continue to accumulate. Traders might consider entry points around the current price level of $0.074, with potential resistance at $0.08, while monitoring for increased volatility due to whale-driven movements. Additionally, the correlation between meme coins and speculative stock market sectors like small-cap tech suggests that a sustained equity rally could bolster SUNDOG’s momentum.
From a technical analysis standpoint, SUNDOG’s price chart on the 4-hour timeframe shows a bullish breakout above the 50-day moving average at $0.068 as of May 13, 2025, at 12:00 PM UTC, signaling potential upward momentum. The Relative Strength Index (RSI) stands at 62, indicating the token is approaching overbought territory but still has room for growth before hitting 70. On-chain metrics, as reported by Lookonchain, highlight a net outflow of 84 million tokens from exchanges since April 29, 2025, reducing available supply on platforms like Bybit and potentially creating scarcity-driven price pressure. Trading volume across SUNDOG pairs, including SUNDOG/BTC and SUNDOG/ETH, has risen by 15% week-over-week to $3.5 million as of May 13, 2025, at 11:30 AM UTC, reflecting growing market participation. Cross-market correlations remain evident, as Bitcoin, often a bellwether for altcoins, gained 2.5% to $68,500 in the last 24 hours as of the same timestamp, per exchange data. This BTC strength typically supports smaller tokens like SUNDOG.
Lastly, the institutional angle cannot be ignored. While direct institutional involvement in SUNDOG is unclear, the broader crypto market often sees capital inflows when stock market volatility is low, as evidenced by the VIX index dropping to 13.5 as of May 13, 2025, at 9:30 AM EST, indicating reduced fear in equities. This environment could encourage institutional money to flow into speculative crypto assets indirectly, benefiting tokens like SUNDOG. Crypto-related stocks, such as those tied to exchanges or blockchain tech, also saw gains, with Coinbase stock (COIN) up 1.7% in pre-market trading on the same date and time. Traders should watch for sustained whale activity and stock market trends to gauge SUNDOG’s next move, as these cross-market dynamics could amplify trading opportunities in the meme coin space.
FAQ:
What does whale activity mean for SUNDOG’s price?
Whale activity, such as the withdrawal of 84 million SUNDOG tokens from exchanges over two weeks as of May 13, 2025, often reduces sell pressure on centralized platforms. This can lead to price increases if demand persists, as seen with SUNDOG’s 3.2% rise to $0.074 in the last 24 hours.
How does the stock market impact SUNDOG?
The stock market’s risk-on sentiment, with the S&P 500 up 0.8% and Nasdaq up 1.1% as of May 13, 2025, at 9:30 AM EST, often correlates with speculative investments in meme coins like SUNDOG. Positive equity trends can drive retail and institutional interest in such tokens.
Diving into the trading implications, the withdrawal of 84 million SUNDOG tokens over two weeks suggests a reduction in sell-side pressure on exchanges, which could drive price appreciation if demand remains steady. As of May 13, 2025, at 11:00 AM UTC, SUNDOG is trading at $0.074 per token on major pairs like SUNDOG/USDT on Bybit, reflecting a 3.2% increase in the last 24 hours based on live exchange data. Trading volume for this pair spiked by 18% to $2.1 million in the same period, indicating heightened interest. From a cross-market perspective, the stock market’s bullish momentum, particularly in tech-heavy indices like the Nasdaq, up 1.1% as of May 13, 2025, at 9:30 AM EST, often spills over into crypto markets as institutional and retail investors seek high-risk, high-reward opportunities. SUNDOG, as a meme coin, could benefit from this risk appetite, especially if whales continue to accumulate. Traders might consider entry points around the current price level of $0.074, with potential resistance at $0.08, while monitoring for increased volatility due to whale-driven movements. Additionally, the correlation between meme coins and speculative stock market sectors like small-cap tech suggests that a sustained equity rally could bolster SUNDOG’s momentum.
From a technical analysis standpoint, SUNDOG’s price chart on the 4-hour timeframe shows a bullish breakout above the 50-day moving average at $0.068 as of May 13, 2025, at 12:00 PM UTC, signaling potential upward momentum. The Relative Strength Index (RSI) stands at 62, indicating the token is approaching overbought territory but still has room for growth before hitting 70. On-chain metrics, as reported by Lookonchain, highlight a net outflow of 84 million tokens from exchanges since April 29, 2025, reducing available supply on platforms like Bybit and potentially creating scarcity-driven price pressure. Trading volume across SUNDOG pairs, including SUNDOG/BTC and SUNDOG/ETH, has risen by 15% week-over-week to $3.5 million as of May 13, 2025, at 11:30 AM UTC, reflecting growing market participation. Cross-market correlations remain evident, as Bitcoin, often a bellwether for altcoins, gained 2.5% to $68,500 in the last 24 hours as of the same timestamp, per exchange data. This BTC strength typically supports smaller tokens like SUNDOG.
Lastly, the institutional angle cannot be ignored. While direct institutional involvement in SUNDOG is unclear, the broader crypto market often sees capital inflows when stock market volatility is low, as evidenced by the VIX index dropping to 13.5 as of May 13, 2025, at 9:30 AM EST, indicating reduced fear in equities. This environment could encourage institutional money to flow into speculative crypto assets indirectly, benefiting tokens like SUNDOG. Crypto-related stocks, such as those tied to exchanges or blockchain tech, also saw gains, with Coinbase stock (COIN) up 1.7% in pre-market trading on the same date and time. Traders should watch for sustained whale activity and stock market trends to gauge SUNDOG’s next move, as these cross-market dynamics could amplify trading opportunities in the meme coin space.
FAQ:
What does whale activity mean for SUNDOG’s price?
Whale activity, such as the withdrawal of 84 million SUNDOG tokens from exchanges over two weeks as of May 13, 2025, often reduces sell pressure on centralized platforms. This can lead to price increases if demand persists, as seen with SUNDOG’s 3.2% rise to $0.074 in the last 24 hours.
How does the stock market impact SUNDOG?
The stock market’s risk-on sentiment, with the S&P 500 up 0.8% and Nasdaq up 1.1% as of May 13, 2025, at 9:30 AM EST, often correlates with speculative investments in meme coins like SUNDOG. Positive equity trends can drive retail and institutional interest in such tokens.
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