Kaspa Influencer Alerts: ‘Withdraw Your KAS’ as Over 58 Million Tokens Leave Major Exchanges
Many Kaspa influencers have always been positive about the Kaspa coin, even when the price is not going as bullish as they desire. One of those who have been strong supporters of Kaspa (KAS) is Jim, S𐤊i ₿um, who boasts more than 16,000 followers on X.
However, yesterday, Jim seemed overwhelmed by some surprising metrics, which made him think the price might be about to see a major decline.
MASSIVE amounts of $KAS leaving both MEXC and GATE, the two biggest holders of $KAS.
— Jim, S𐤊i ₿um ⛷️ (@skibumtrading) November 10, 2024
FUCK THE BANKS.
WITHDRAW YOUR $KAS.#drainthekaspa #kaspashortsqueeze pic.twitter.com/QQNgowmLdV
According to the crypto analyst, a massive amount of KAS tokens are leaving the MEXC and GATE exchanges. These KAS movements are notable because these exchanges are currently the two highest holders of the token.
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The chart the analyst posted shows more than 58 million Kaspa tokens leaving these exchanges. More than 26 million were withdrawn from MEXC, and over 32 million KAS tokens left Gate.io.
Although the crypto balances on these exchanges are still high, the analyst thinks it may be time for Kaspa holders to sell their holdings. He says: “withdraw your $KAS.”
Kaspa Price Remains Strong
Despite this call to dump tokens, the price of Kaspa has remained strong, seeing an over 50% price increase in the last 7 days. This could have been triggered by the general positive sentiment in the crypto market.
Bitcoin breaking past a major key level at $80,000 and a pro-crypto President winning the United States presidential seat have been major triggers for the positive sentiment.
The next key level to watch is the $0.15 level. If KAS is able to break above this level, then we could see a spike to $0.17.
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