Galaxy Digital ASTER Transfer go Binance Dey Spark Sell Pressure
Galaxy Digital don put over 40.8 million ASTER tokens, wey value na about $68.3 million, for Binance for the past one week. Dis one include one recent transfer of 9.57 million ASTER (about $12.53 million) for the last 12 hours alone. After all dis inflow, Galaxy Digital still get 31.9 million ASTER tokens (~$47.2 million). When big ASTER tokens dey enter Binance like dis, e dey usually mean say sell pressure dey increase and market liquidity dey go up. Traders make dem dey watch ASTER exchange inflows well well to detect early signs of potential price wahala and adjust their positions as e fit.
Bearish
Galaxy Digital dey do repeated, big waka ASTER transfer go Binance, e dey increase di token supply wey dey available for the exchange. Dis kain big ASTER flow dey usually come before big institution dem go sell off, e dey put pressure for price make e drop. For short time, traders fit see plenty wahala for price wey fit cause e go dey up and down, and e fit drop as big tins dem dey change to market money. For long run, if di sell pressure no stop, e fit continue make ASTER price go down unless new demand or new protocol development go show to catch di flow.