👍👍New Altcoin Airdrop Pressure: Winners Selling on Binance for Millions of Dollars! 👍👍

Two Major Whales Moved $2.7 Million Worth of Tokens from SPK Airdrop to Binance

Whale movements that attract attention in the crypto markets continue to be in the spotlight. Recently, two major wallet holders who obtained a large amount of tokens from the Spark (SPK) airdrop event transferred a total of 39 million SPK tokens worth approximately $2.7 million to Binance.

This development was revealed by data shared by the on-chain analysis platform Lookonchain. According to the report, these large transfers from two separate whale addresses were interpreted as potentially creating short-term selling pressure among investors.

The transfer of crypto assets to centralized exchanges is often viewed as preparation for selling, and especially such transactions after an airdrop can increase volatility in the market. These transfers directed to high liquidity platforms like Binance may cause sudden movements in SPK prices.

In terms of understanding the future price performance of the SPK token, the movements of whale wallets stand out as an important indicator. Experts advise investors to closely monitor such large-scale transactions and to be prepared for sudden price changes.

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