OpenCoin🕊️|3月 29, 2026 11:37
Unlocked one moment, dumped the next. The official wallet’s 'cash-out speed-up' is often the clearest signal of pressure on the market.
The alarm is sounding across the network! We’ve tracked a highly dangerous 'unlock-and-dump' route on the ON market. Let’s break down the extreme cash-out moves from this official wallet address over the past 20 hours:
Massive unlock: 2,639,000 ON tokens (worth nearly $400K) were just unfrozen and withdrawn from the official ONVestingSub contract.
Instant deposit: No time wasted—every single token was immediately sent to the deposit address at http://(Gate.io).
Historical contrast: Looking back at its transaction history, this whale used to play it safe a month ago, sending unlocked tokens to ONDelegate for staking. But this time? No pretense—straight to cash-out mode.
From staking and locking to outright dumping, this 180-degree strategy shift shows the whale’s strong intent to liquidate at the current price.
So, folks, with this $400K sell wall now sitting on Gate, are you planning to tough it out and buy the dip, or play it safe and wait it out?
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