What happened before 6.4 million USD LIGHT suddenly transferred to the exchange, leading to a flash crash in the coin price?

Question

According to the tracking records of the on-chain data monitoring platform, an interesting change in fund flow occurred on the evening of December 22. A Wallet that had previously received team funding support transferred LIGHT Tokens worth 6.4 million dollars to a major exchange about 6 hours before the big dump of the LIGHT coin price.

This is not an isolated incident. Looking closely at the transaction history of this Wallet, it sent 2.4 million dollars in LIGHT to the same exchange two days ago. At the same time, another 2.4 million dollars was transferred into a new Wallet, and so far this money has not shown any movement.

Interestingly, when large amounts of funds start flowing into the exchange, the coin price subsequently shows significant fluctuations. This phenomenon of funds concentrating on CEX has always been a noteworthy signal in the crypto space—sometimes reflecting institutions adjusting positions, and other times suggesting something else. In any case, this time the fund flow of LIGHT indeed provided the market with some information in advance.

GweiTooHigh · Accepted Answer

Another "coincidence", the team&#39;s wallet started moving just hours before the dumping, I&#39;m already tired of this script.

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6.4 million poured in, and the coin price experienced a flash crash. Isn&#39;t this telling us something...

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The 2.4 million that hasn&#39;t moved is the scariest; is this brewing some big action?

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In front of on-chain data, there are no secrets; the traces of internal dumping are so obvious, it&#39;s truly exceptional.

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A 6-hour time difference is just enough for the team to pull a Rug Pull... one experience is enough.

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Funds flowing to CEX = the night before the dump, this pattern is too accurate in the crypto world; everyone who has suffered losses knows.

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I just want to know when the 2.4 million in that new wallet will move; it feels like it&#39;s building momentum.

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Every large transfer at the exchange has a story; the LIGHT scriptwriter was quite thoughtful this time.

LidoStakeAddict · Answer

It&#39;s the same old trick again; Large Investors always have to transfer to the exchange first to test the waters before dumping.

MainnetDelayedAgain · Answer

According to the database, 6.4 million dollars was precisely timed within 6 hours, which is called "the art of timing."

HypotheticalLiquidator · Answer

640 million into the exchange, coin price flash crash... this rhythm feels a bit familiar, a typical de-leveraging signal

240 million still sitting in the new Wallet, clearly waiting to see where the liquidation price falls.

MechanicalMartel · Answer

The team&#39;s wallet is dumping a large amount, this operation is really amazing.

Something&#39;s wrong, it&#39;s obvious that someone knows some insider information.

It&#39;s the same old trick, when large investors dump, it&#39;s time to run.

MysteryBoxAddict · Answer

Here comes another classic trap, the team has to test the market depth before dumping.

OnchainUndercover · Answer

It&#39;s the same old trick again, is the team pulling a Rug Pull or are they Be Played for Suckers internally?

What happened before 6.4 million USD LIGHT suddenly transferred to the exchange, leading to a flash crash in the coin price?

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