Suspected same entity withdrew approximately 110000000“Lobster” tokens from KuCoin and Gate
BIBIBI
AT A GLANCE
Two potentially related wallets reportedly withdrew approximately 110000000“Lobster” tokens, worth approximately 7010000 USD。
Article
🔍 On-chain Detective | Suspected accumulation by an entity today 110000000“Lobster” tokens, worth approximately 7010000 USD BlockBeats reported that October 7, according to monitoring by EmberCN, two wallet addresses (possibly belonging to the same whale or institution) withdrew approximately 110000000“Lobster” tokens from KuCoin and Gate today, with a current calculated value of approximately 7010000 USD, accounting for 11%of the token’s total supply.
Meanwhile, “Lobster” has risen by more than 40%today.
Original link https://m.theblockbeats.info/flash/370578
Key points
01
BlockBeats said EmberCN detected that the two wallet addresses may belong to the same whale or institution.
02
October 7 The two wallets withdrew approximately 110000000“Lobster” tokens in total from KuCoin and Gate.
03
At the current price, this batch of tokens is worth approximately 7010000 USD, accounting for 11%。
04
“Lobster” rose by more than 40%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The message says that two potentially related wallets withdrew a large amount of “Lobster” tokens from two trading platforms. Because wallet ownership remains uncertain, it cannot be confirmed that this was concentrated accumulation by the same entity.
Why it matters to readers
The withdrawal volume accounts for approximately 11%of the total supply, while the token rose by more than 40%today, potentially prompting market concerns about concentration of holdings and price volatility.
“Withdrawing tokens” means transferring tokens from a trading platform to a wallet; however, a withdrawal by itself does not mean that the tokens were purchased or are being held long term.
Risks and unknowns
It has not been confirmed whether the two wallets belong to the same entity.
The message does not provide wallet addresses, transaction hashes, or the token contract address, so the withdrawal amount and token identity cannot be independently verified.
It cannot be confirmed whether this withdrawal constituted actual accumulation, nor whether the tokens were subsequently returned to a trading platform or sold.
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Related concepts
Wallet Address
The destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
