Recently, many whale in the top 20 BIO token addresses have transferred a large number of tokens to unknown addresses

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PANews
04-27
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PANews reported on April 27 that analyst NotAMickey disclosed unusual movements of BIO tokens on X platform: Recently, multiple whale accounts among the top 20 BIO token holders transferred large amounts of tokens to unknown addresses, including 15 million BIO tokens transferred from Binance two weeks ago, 10 million tokens transferred to an address labeled "trading bot" but actually originating from Binance, and subsequent transfers of 8.8 million and 8.7 million tokens. Moreover, venture capital (VC) firms are more frequently appearing in addresses ranked 40-60, and most tokens have entered the unlocking period.

Key findings: Sigil Fund suddenly withdrew 4.5 million BIO tokens worth $330,000 from exchanges yesterday, with funds remaining stationary to date. Notably, the fund's CEO Zee Prime is the same person as DevmonsGG, who "precisely" replenished positions when prices hit bottom, while also holding token shares through VC channels.

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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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