Jump Trading, known as one of the biggest Market Makers in cryptocurrency, has just transferred 731.409 $MASK (~$3.4M) to individual wallet 0x419.
How, Why and What then?
Wallet 0x419 showed signs of depositing $MASK on CEXs (Binance and OKX) 2 days ago.
This wallet has made no further move after the transaction from Jump Trading.
-> If it does what it did 2 days ago, there will be selling pressure from smart moneys.
This brings up a question:
Do these smart moneys see we are in a sufficiently good $MASK price range with high liquidity, and unlikely to grow further in the near future?
For traders, we see this is now a very bad $MASK price range for a long position when the whales are showing signs of taking profit, like Jump Trading.
There is highly possibly a pressure from short positions (a chance for short sellers).
Not a financial advice though.
