On-chain data shows that an address which received LA tokens from the project team wallet five months ago has just transferred tokens worth $1.6 million to a major exchange. Interestingly, this wallet still holds LA tokens worth $13.8 million. What is the intention behind this? Is it partial profit-taking or something else? It’s worth continuing to watch this address’s subsequent actions.
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On-chain data shows that an address which received LA tokens from the project team wallet five months ago has just transferred tokens worth $1.6 million to a major exchange. Interestingly, this wallet still holds LA tokens worth $13.8 million. What is the intention behind this? Is it partial profit-taking or something else? It’s worth continuing to watch this address’s subsequent actions.