$SXT Blockchain Analysis: Smart Money
Looking at recent $SXT on-chain activity, there are some interesting patterns emerging. The transfer data shows significant movement to cold wallets at key price points, particularly at the $0.12-$0.14 levels.
Despite the recent price drop and reduction in open interest, several wallets have been accumulating substantial positions. Most notably, we can see multiple transfers to cold wallets ranging from $101K to $223K in value. One particularly aggressive wallet appears to be buying approximately $4M worth of $SXT during price dips.
What's particularly interesting is the timing - these accumulations are happening despite the recent drawdown, suggesting some investors might be positioning for a potential move. The token is currently trading around $0.14-$0.15
Is this smart money preparing for something significant? The consistent cold wallet transfers could indicate longer-term conviction from these holders rather than short-term trading activity.
Worth monitoring if this accumulation pattern continues or if we see these wallets begin to distribute their holdings.
PS: insiders are not hidden
