AR Whale clears 27.2 million tokens, after dumping $1.2 million, the price plunges by double digits

robot
Abstract generation in progress
【BiTu】A large holder just made a ruthless bottom buy. Five hours ago, an AR holder sold off 27.2 million AR tokens in one go, cashing out approximately $1.2 million. Interestingly, this transaction was made close to the cost basis—neither making much profit nor incurring significant loss. However, the market reaction was quite intense, and the AR price dropped sharply afterward, plunging below $0.04 at one point. It then stabilized and is now steady around $0.04185. The 24-hour decline reached 10.2%. Based on the whale's actions, this seems more like a rational stop-loss or timely profit-taking—decisively realized near a key support level. But it also highlights a problem: once large sell pressure appears, the market's absorption capacity remains limited.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned