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Last night, $BEAT just transferred out 11.423M tokens from the Gate hot wallet in a large amount, worth about 6.58 million USD, and then distributed them to 10 new addresses
These 10 addresses are basically 0.1%+ chips (Figure 1)
The dog dealer should be splitting up the chips
To make Top100 holdings look less concentrated
3 hours ago, Gate’s cold wallet also withdrew 4.9M tokens, and $BEAT
hasn’t moved this position any further yet—continue to monitor
Total is 11.423M + 4.9M = 16.323M tokens, and $BEAT is preemptively controlling the chips
The position opened during last night’s large transfer should be
The price was also right around 0.57 (Figure 2)
A range of ten points up or down can sweep liquidity—this is what the dog dealer loves most
If you look at the daily chart, a breakout/turn is also coming soon—just sit and wait for the dog dealer to mess around with it