Addresses associated with institutional investors have started to dump the asset. In total, 5 addresses belonging to Amber Group and Strobe Ventures transferred 40.2M coins worth $29.8N. The coins went to the exchange and were sold at market price. The asset itself is now growing and has already shown a 60% increase in a week, it is obvious that they are gradually starting to fix the profit on the asset, since it is going against the entire market and such a structure will not be able to exist for long.
In the last month, the asset has grown by 200%+ and is confidently moving towards the $1 area, which it will most likely take.