Whale Gather 2M PROVE for 3 Days, Stake & Make $873K
On August 10, di on-chain moni dem show say address 0xD5B...B9c0a bin collect 2 million PROVE tokens within three days for average price of $1 each. Di whale get paper profit of $873,000 as PROVE market value rise. All di staked PROVE dem lock for smart contracts to earn staking rewards. Big scale accumulation and staking show say confidence dey grow for PROVE and e ecosystem. Traders suppose dey watch how di whale dey behave and staking metrics, because dem fit reduce di circulating supply and support short-term price, while e still dey show say demand fit rise for long term.
Bullish
When one big whale dey gather plenty tokens, e dey usually reduce how many tokens dey for market and e show say e get faith for the project foundation. For this case, staking dey remove PROVE from active trade, wey go make the tokens scarce for short term. For history, when whales do big moves like big ETH staking by institutional investors, prices usually dey go up after. For short time, as liquidity dey low, e fit help hold PROVE price strong. For long term, steady staking mean say people believe the token get value and fit give good yield, so e go attract more people. Overall, these things show say PROVE price fit rise and market feeling dey positive.