2025-12-28 01:24:58

On-chain data shows that a well-known Meme coin project transferred another 50 million USDC to Kraken within the last 10 hours. This transfer has drawn market attention to the project's fund movements.

Since mid-November, the project team has transferred a total of 605 million USDC obtained from ICO sales to Kraken in just a month and a half. What is behind these numbers? Let's take a look.

Back in June during institutional funding, the ICO price for this project was set at $0.004 per token. But now? The token price has dropped to $0.0018. From the listing price to now, the decline has reached 55%, clearly in a broken debut state.

Frequent transfers from the project team to exchanges usually trigger two speculations: either to meet liquidity needs or to gradually offload. For token holders, this series of intense operations undoubtedly increases market uncertainty. The combination of a price dip and large transfers really makes people a bit uneasy.

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MoonlightGamer

· 10h ago

Breaking below 55% and still throwing so many U into the exchange, isn't that called dumping...

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SorryRugPulled

· 10h ago

Here we go again? Down 55% in 6 months, still throwing coins into exchanges... Is this what they call "liquidity demand"?

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FlyingLeek

· 10h ago

Another sign of a project team running away—throwing 600 million USDC into exchanges. Isn't this just bottom-fishing and dumping?

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QuietlyStaking

· 10h ago

Another project team is testing the waters on the verge of跑路, pouring over 600 million USDC into exchanges, with a 55% drop and still selling off. This move is indeed quite desperate.

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