On-chain analysts continuously monitor that a popular Solana ecosystem project transferred another 148 million USDC and USDT to Kraken on January 13th. This is not the first time. Since November 15th last year, the project team has transferred over $753 million in stablecoins to this exchange—funds that originated from their ICO financing in June.



Seeing this number, many people's first reaction is "dump." But the project team provided a different explanation: these transfers are not withdrawal operations but strategic measures for diversified fund management and business redeployment. Whether this is true or not depends on subsequent on-chain data. Based on transaction patterns, they haven't significantly pressured the token price downward; instead, they are continuously building products. Whether this is a strategic shift or fund management, the market will provide the answer. Traders need to keep observing the project's on-chain activity and actual progress, rather than jumping to conclusions based solely on transfers.
USDC-0,02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
SchrodingerAirdropvip
· 16h ago
753 million USD poured into exchanges, who would believe it's not for dumping?
View OriginalReply0
ImpermanentPhobiavip
· 16h ago
$753 million transferred to exchanges, no one would believe it if they said no selling happened ---- It's about fund management and strategic deployment, just listen and don't take it seriously ---- No market sell-off? Bro, let's wait another two weeks ---- Is this the so-called "diversification of risk"? To me, it looks like diversifying investors ---- There's never a shortage of flowery words in the crypto world, the key is how they actually act ---- ICO fundraising for over 7 months, pouring $750 million into exchanges, haha, they're really fearless ---- Wait, if this data is true, there will definitely be more to come
View OriginalReply0
LiquidityOraclevip
· 16h ago
Here we go again, 750 million isn't a big selling pressure? That's funny. --- Wait, if there's no dump, where did this money go... --- Transferring funds to exchanges under the guise of fund management, really playing around. --- Sounds nice, but I just want to know if withdrawals have been made. --- Continuous construction? What are you building, financial statements? Haha. --- Enjoy the show, see the outcome next week. --- This explanation sounds so much like shifting blame. --- Over 700 million, brother. No matter how much you boast, you have to let the data speak.
View OriginalReply0
UncleLiquidationvip
· 16h ago
Here we go again with this. 753 million claiming to be a "strategic layout," I don't believe you for a second.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)