Smart Trader Withdraws Millions in GameFi Assets from Binance, Including $MANA and Other Cryptos
According to leading on-chain analytics platform SpotOnChain, an anonymous trader with the address 0x37dffd32ea5b23813a263f725759632c120e0ac7 recently withdrew over $3.9 million worth of GameFi assets from Binance within a 30 minute period.
The withdrawn assets included 36.88 million GALA tokens valued at $1.49 million, 2.43 million SAND tokens worth $1.43 million, and 1.63 million MANA tokens totaling $1.01 million. The withdrawals were executed across four separate transactions:
- 0x97f993131b40d5955989eefaab7b918e3c99232acfec2a054fa71c835df98e09
- 0xc8565ed9c53f863518e1c8ea6d3ee5b18c9feae589447be876ca416860dbf311
- 0xc91a4148b56dd588fc3fa55dc00b03ef88bcf8f878dd796e37ca0b40cb0490ec
- 0x4b6bcf207e6addf99ce4175c1d244c462a4307481f5bb4fa03a49ee2cec61e86
SpotOnChain notes this trader has a history of well-timed trades, having previously netted estimated profits of $3.47 million from PEPE tokens and $614,000 from ETH. The trader also recently withdrew SHIB tokens from Binance just ahead of a 23% price pump yesterday.
In the 24 hours since this trader’s withdrawals, the prices of MANA, SAND, and GALA have already increased 11%, 8%, and 5.2% respectively – sparking speculation across crypto markets that larger pumps could be in store for GameFi assets.
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Show more +With this trader’s knack for timing the market, many analysts are interpreting these latest withdrawals as a potential buy signal for GameFi tokens. The next few days will reveal whether the trader’s moves presage major price action or were merely well-executed portfolio adjustments.
Either way, on-chain detectives will be following address 0x37dffd32ea5b23813a263f725759632c120e0ac7 closely in the days ahead, assessing whether this big player’s withdrawals foreshadowed another timely pump.
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