Insights Pulse Insights

Nov 15

Some capitulation in AXS 15-11-22, 17:17

Our screener has highlighted an exchange inflow outlier in AXS...

Source: Sanbase

... along with a significant loss on NRPL:

Source: Sanbase

This appeared to be a trace of a single very wealthy wallet moving funds to Binance.

This wallet AXS holdings chart:

Source: Sanbase

The wallet dumped 3.6 million AXS to Binance shortly after some weird pump happened:

Why? Capitulation? Weak hands? We don't know. Just a serious move.

Take care.

Aug 13