Breaking News: #Pay_Network

5 hours ago, more than 70 million $Pay coins were withdrawn and sent to a self-custody wallet.

Value: Over $51,000,000

Source: From: #OKX to: GASWBDATCXXIUGHR7DWSFAAONZB2L5NFMBTDCYQQ2TQLRQNCTKJ2AODM

So what does this news mean?

This information is significant as it shows a massive movement of over 70 million Pay coins (worth over $51 million) from the OKX exchange to a self-custody wallet, indicating that a major player—perhaps a large exchange or institution—is accumulating coins or preparing for a strategic move. With OKX now holding only 20 million Pay coins, this creates a supply shock, reducing the available liquidity and potentially indicating an upcoming listing or the Pay Network transitioning to an open mainnet. Such activities boost investor confidence and suggest that Pay is gaining serious interest in the cryptocurrency market, which will lead to an increase in its value.

This wallet currently holds over 254 million $Pay coins. Do you think it belongs to a centralized exchange (CEX) that will list $Pay?

"#OKX has experienced a supply shock and currently holds only 20 million $Pay coins."