$MOVE Token Unlock and Whale Activity: What’s Driving the Surge?
The post $MOVE Token Unlock and Whale Activity: What’s Driving the Surge? appeared on BitcoinEthereumNews.com.
The cryptocurrency community is watching closely this week as World Liberty Finance’s native token, $MOVE, prepares for a major unlock. On the agenda is an unlock of $30.10 million worth of $MOVE tokens, or 2.17% of its market cap. This token request is surely piquing investor curiosity given that it represents a good chunk of the $MOVE token’s market dynamics. And in the run-up to this unlock, the community has been buzzing over large institutional movements that have been observed—unfolding rather dramatically, it seems—through the CoW Protocol that World Liberty Finance uses. So what could this all mean for $MOVE, and what might this week hold for the token’s price? Weekly Crypto News 📣 👉 News: — Crypto sees over $2 billion liquidated in past day as Trump tariffs dampen ‘overleveraged’ bullish sentiment— Raydium overtakes Uniswap in monthly DEX volume after memecoin-heavy January— LayerZero reaches settlement with FTX estate over… pic.twitter.com/wmi09U2ypJ — CryptoRank.io (@CryptoRank_io) February 3, 2025 Whale Moves: A Sign of Institutional Confidence On January 28, 2025, a number of significant trades took place, and taken together, they show a swelling institutional tide coming in to $MOVE. World Liberty Finance bought a huge amount, 2.39 million $MOVE tokens, on that day, and they weren’t the only buyers. Here’s how the day looked from the perspective of a series of big buyers: – 588.9K $MOVE ($460.2K) – 597.4K $MOVE ($466.87K) – 601.9K $MOVE ($463.2K) – 609.3K $MOVE ($468.94K) Institutional investors are pouring money into $MOVE, judging by the size of several recent purchases. Such purchases are not retail trader business and should probably not be considered impulse buys. They likely indicate a growing seriousness about $MOVE among the kind of people who can really buoy a market. Retail investors often focus on the week-to-week, day-to-day, or even hour-to-hour trading that…
Filed under: News - @ February 4, 2025 8:26 am