Hupzy (Spot On Chain)|Jun 20, 2026 01:27
๐๐ต๐ฎ๐ถ๐ป๐น๐ถ๐ป๐ธ'๐ ๐พ๐๐ฎ๐ฟ๐๐ฒ๐ฟ๐น๐ ๐๐ป๐น๐ผ๐ฐ๐ธ ๐ฟ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ๐ฑ ๐ฎ๐ญ๐ ๐๐๐ก๐ ($๐ญ๐ฒ๐ฒ๐ ) โ 18.375M ($145M) transferred to Binance, 2.625M ($20.8M) to a multisig for staking rewards, per EmberCN.
Trackable on-chain: https://arkm.com/explorer/address/0x9B1c1752B6B6eAF62a8c491A8681B32C1F7ecDE9
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: 87% of the unlock went straight to Binance โ large exchange deposits from team/investor unlocks often precede selling pressure. The routine quarterly cadence reduces surprise factor, but the notional size is significant. The key watch is whether the Binance deposit triggers spot selling or sits for OTC distribution. The $20.8M to multisig for staking rewards is a constructive offset.
source: EmberCN
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