Some capitulation in AXS
Our screener has highlighted an exchange inflow outlier in AXS...
... along with a significant loss on NRPL:
This appeared to be a trace of a single very wealthy wallet moving funds to Binance.
This wallet AXS holdings chart:
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.
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from Santrends!
Get 'early bird' alerts for new insights from this author
Conversations (0)