$BANK #BANK Rises More Than Threefold in 3 Days 🧐

BANK has more than tripled in value in the last 3 days. The increase in the last 24 hours is 53.2%, and the price is currently trading around $0.2783.

The main fuel for the rally is the DeFi narrative surrounding Lorenzo Protocol and the FOMO (Fear of Missing Out) within the community. Interest grew even more as the price repeatedly appeared on the list of top gainers in a short period.

However, there's a noteworthy on-chain movement. A suspicious foundation wallet was seen transferring approximately 84 million BANK, or about $13.7 million, to an exchange wallet. If these assets are sold, it could create significant selling pressure, amounting to more than 9% of the fully diluted market capitalization.

🔹 More than 3x increase in the last 3 days, 53.2% increase in the last 24 hours
🔹 Current price at $0.2783
🔹 84 million BANK transfer from a wallet believed to be a foundation, approximately $13.7 million
🔹 This amount represents more than 9% of the fully diluted value and creates a risk of selling pressure
🔹 RSI is at 72.8 and KDJ J is at 95.1, in the overbought region
🔹 Funding rate shows a concentration on the long side at 0.032%, increasing the risk of chain liquidation in leveraged longs in the event of a possible reversal

The picture is clear, the trend on the BANK side is very strong and the narrative is working, but profits have also accumulated significantly. The indicators are overheating and a large wallet movement is also on the table. The probability of a technical correction in the short term is quite high.

NFA 👉 DYOR 🔎
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