A whale withdrew 2.85 million RUNE this morning and partially exchanged it for 9.69 BTC, and the remaining 2.7 million RUNE was transferred to Binance

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ODAILY
11-05
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According to Onchain Lens monitoring, in the past 24 hours, RUNE (THORChain) has dropped by 15%, possibly due to a whale's large-scale sell-off on Kraken, which triggered panic. This morning, the whale withdrew 2.85 million RUNE (approximately $12.35 million), some of which were sold through ThorSwap in exchange for BTC. So far, the whale has exchanged 9.69 BTC, all of which have been transferred to Kraken, and the remaining 2.7 million RUNE have been transferred to Binance.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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