Of the 11 addresses suspected to be METIS market makers, 6 addresses have already deposited 174,000 METIS tokens into CEX
According to on-chain analyst @ai_9684xtpa, in the past six days, out of the 11 addresses suspected to be owned by market makers or whales, 6 addresses have deposited a total of 174,011 METIS tokens into exchanges, worth $14.33 million. The average deposit price was $82 per token. This is the first time these addresses have made withdrawals since accumulating positions for 11 months, indicating a possible sell-off.
Currently, there are still 5 addresses holding a total of 134,000 tokens valued at $9.79 million. Market data shows that the price of METIS has dropped by 22% from its peak and is now at $72 per token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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