The post Whale Withdraws 4.49 Million MOVE From Coinbase Amid Market Dip appeared on BitcoinEthereumNews.com.

Movement (MOVE) has once again gained attention as whale activity in the market rekindles investor interest. Today, Onchain Lens identified a whale who withdrew 4.49 million MOVE from Coinbase.   4.49 million MOVE withdrawn from Coinbase According to data posted on X today, the whale withdrew 4.49 million MOVE tokens worth $2.11 million from Coinbase Prime. So far the invested has acquired 5.16 million MOVE for $2.41 million.   This whale’s activity suggests potential acquisition by big investors and long-term holders as they could be capitalizing on the current market dips to purchase large quantities of MOVE. This accumulation shows the investor’s confidence in the asset’s potential for future price growth. It also suggests that this could be the ideal time to buy MOVE. MOVE price updates Movement (MOVE) is facing challenges to maintain its momentum amid market uncertainty, with onchain indicators showing mixed signals. Despite a remarkable surge over the past week, MOVE is down today, making traders and investors concerned about its future movement. The technical outlook for MOVE shows that the token is in a critical situation. Currently hovering at $0.449, after seeing a decline of 8.4% in the past 24 hours, the asset is displaying signs of weakness. This comes after its value had been up 4.2% over the past week. The overall sentiment around the asset remains negative, showing that sellers are in control. MOVE, a relatively new cryptocurrency that was launched more than a month ago, is facing increased pressure due to early investors’ efforts to cash out profits through token sales. This bearish behaviour can be seen in recent price actions. MOVE has been down 2.8% and 3.0% over the past two weeks and one month ago, respectively. Despite market correction, a major indicator is pointing out MOVE’s increased resilience. According to the Coinglass metric,…

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Filed under: News - @ March 30, 2025 10:25 am