2025-12-21 03:20:58

On-chain data shows that the well-known investment firm Dragonfly Capital has been quite active recently. According to monitoring by Nansen, they have continuously deposited MNT tokens into a certain leading exchange over the past week, accumulating a total of 6 million tokens, equivalent to about 6.95 million USD. Interestingly, this institution's wallet also holds a large amount of chips—9.15 million MNT spread across multiple addresses, with a total value of approximately 10.76 million USD. Such a large position change indicates that their attitude towards this coin is adjusting. Are they testing liquidity or paving the way for subsequent operations? The subsequent trends need to be closely followed.

MNT-1,71%

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UncleWhale

· 2025-12-23 23:03

6 million pieces smashed the exchange, and still holding more than 9 million... This rhythm looks like testing the waters, the Whales play differently.

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GasFeeVictim

· 2025-12-21 23:58

To be honest, this operation looks like a trial before closing all positions. They are gradually dumping 6 million coins onto the exchange while keeping so many in the Wallet, so they might have had a plan in mind already.

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SerumSurfer

· 2025-12-21 03:51

6 million coins smashed the exchange, still holding over 9 million... this rhythm has something going on, feels like testing the waters.

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GasFeeTherapist