Whale withdraw $4.64 million for NEIRO tokens from Bybit and Gate, e dey affect liquidity and market dynamics
One big crypto whale don withdraw total of 58.3 million NEIRO tokens wey worth $4.64 million from the Bybit and Gate crypto exchanges for the last five days, na so blockchain monitoring service wey dem dey call Onchain Lens talk. The biggest single withdrawal na 37.42 million NEIRO tokens ($3.08 million) from Bybit. When big amount of NEIRO tokens dey commot from big exchanges like this, e no just reduce the liquidity for the exchange but e fit make de price of the token do wahala gbege. Traders for crypto dey watch these whale moves gidigba because when important tokens move weh wala from trading platforms, e fit affect how many NEIRO dey available, e fit change the price of the token and e fit mean say people fit dey plan to hold the tokens long or change how dem dey trade am. All this fit make the price swing more or open new chance to buy NEIRO.
Bullish
Big big withdrawal of NEIRO tokens by one whale from big exchanges like Bybit and Gate dey reduce how much tokens dey available immediately for trade, often making di tokens scarce and fit push price up if demand still dey or rise. Traders don dey use whale accumulation and movement of coins from exchanges as sign say dem fit hold long term or get bullish mind, because tokens no go dey for open market to sell short term. Although dis kain activity fit cause short term price wahala, e dey usually signal say token get better future unless market worsen. Traders fit see new buy chances as liquidity tight, supporting bullish price expectation for near to medium term.