Wu Says it has learned that, according to Arkham monitoring, Dragonfly Capital received an ERA token allocation worth about $1.25 million, of which about 17.5% has been sold, with the remaining about 82.5% still held.

ERA-5.40%
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KDJTurnCatcher
· 6h ago
Only $1.25 million for a sale of just 17.5%—Dragonfly’s move this time is pretty solid. Most likely they’re bullish on the long term; the remaining more than 80% is either staked or waiting for a rise. But it also depends on whether the ERA ecosystem can really take off afterward.
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GateUser-9008328f
· 6h ago
Selling only this amount suggests that institutions aren’t in a hurry.
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BoxHunter
· 6h ago
This sell-off ratio can reflect the institutions’ assessment of ERA’s future prospects—only about $210k in liquidity was cashed out, indicating that confidence in the project’s team still remains, though lock-up restrictions are also possible. It is recommended to track subsequent developments by tracing the relevant on-chain wallet addresses: if they sell slowly and steadily, it’s normal profit-taking; once there is a large-scale, sudden change, be on guard.
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