Three Fresh Whale Wallets Withdrew 34.9M STORJ ($14.44M) From Exchanges

Recently, the blockchain analytics firm Lookonchain observed some noteworthy activity involving $STORJ, a digital asset associated with decentralized cloud storage. Here, we delve into the data to shed light on what these whale wallet withdrawals may signify.

According to Lookonchain’s findings, three fresh whale wallets have withdrawn a total of 34.9 million $STORJ tokens from various exchanges. The wallets in question are identified as 0x3313, 0x79bc, and 0x97c1, each making withdrawals of varying amounts.

We noticed 3 fresh whale wallets had withdrawn 34.9M $STORJ ($14.44M) from exchanges.

0x3313 withdrew 25.57M $STORJ($10.58M).https://t.co/SbVIas1DZ7

0x79bc withdrew 5.35M $STORJ($2.21M).https://t.co/Qgk0m64Crg

0x97c1 withdrew 3.99M $STORJ($1.65M).https://t.co/wQq1yp2XaS pic.twitter.com/hnooXXafHZ

— Lookonchain (@lookonchain) September 19, 2023

The largest of these transactions, involving wallet 0x3313, saw 25.57 million $STORJ tokens (equivalent to approximately $10.58 million) being withdrawn from exchanges. Meanwhile, 0x79bc and 0x97c1 withdrew 5.35 million ($2.21 million) and 3.99 million ($1.65 million) $STORJ tokens, respectively.

The most recent transaction was seen in one of these whale wallets. Just one hour prior to the data collection, a withdrawal of 4,840,930 $STORJ tokens (valued at around $2.01 million) from Binance was observed.

Additionally, approximately four hours earlier, another wallet made a withdrawal of 1,841,203 $STORJ tokens (equivalent to roughly $769,642) from OKX. Currently, this wallet holds a substantial 25,572,742 $STORJ tokens, valued at approximately $10.7 million.

As of now, the $STORJ price has doubled, and the current withdrawals by the Whales possibly indicate they are not buying at this price. It’s possible the Whale made purchases earlier and is now withdrawing to the wallet.

Source: CoinMarketCap

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