Yesterday, MDT experienced a sharp 50% drop, erasing the gains made since November 24th. According to analysis by the Twitter user "时光预言机," on the evening of the 28th, the high-frequency cryptocurrency trading company DWF transferred two transactions of 5 million MDT each to Binance, continuing to create a false impression of a new high on the 29th. Before 5 p.m., they opened a short position for MDT on the contract interface, and then initiated a process of downward pressure using their own 10 million MDT.
According to KOL Professor Suo, this phenomenon with MDT seems to be a high-level shouting order, directly leading to a beheading.
Note: AICoin's PC version supports "KOL attention indicators," allowing you to visually check the attention of KOL on the K-line, helping you keep up with market trends and seize the opportunity for a thousandfold golden dog coin!
Then, around 23:30 last night, there was a rare price difference in MDT on the two major cryptocurrency trading platforms, Binance and OKX, with the highest difference reaching $0.01. Astute investors immediately seized this arbitrage opportunity. According to a tweet from user X @ngalong_bnb, traders bought MDT on Binance at a price of $0.062 and quickly sold it on OKX at a price of $0.072, successfully profiting from the price difference.
Currently, the price of MDT on the Binance and OKX platforms has returned to normal, with MDT now at $0.0655, a 37% decrease in the past 24 hours. According to analysis by Xiao A, the 1-hour price trend indicates that MDT is likely to be in a sideways trend.
It is worth noting that despite the price plummet, according to AICoin's smart money data, the top 11 MDT holders are still in a profitable position. Among them, the leading whale address "0xa145……70c5b3" currently holds 181 million MDT (18.1% of the total supply), valued at $11.9098 million, with a floating profit of $10.5668 million.
Note: AICoin's PC version-Web3-Smart Money section supports an overview of on-chain transaction trends, helping you closely follow the trend of large-scale transactions.
For more real-time information and on-chain data about MDT, please visit the PC version: https://www.aicoin.com/
Due to the large fluctuations in altcoins, please be mindful of risk control; the data is for reference only and does not constitute any investment advice!
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