- The most recent MOODENG prime whale holder elevated his lengthy place to $33M.
- Almost 70% of Binance’s prime merchants have been internet lengthy on MOODENG.
A big participant has taken benefit of the current dump and elevated his Moo Deng [MOODENG] holdings to over $33 million.
In response to Arkham data, the whale collected 11.8 million MOODENG, price over $5.37 million, from Gate and OKX exchanges prior to now two weeks.
Supply: Arkham
A $33M MOODENG guess
The whale now holds 104.52 million MOODENG (price about $33.3M) and has change into the most important holder (10.5% of the overall provide) as of press time.
Such an enormous guess meant that the whale was assured of market restoration.
Supply: Arkham
Since mid-November, MOODENG buying and selling quantity throughout DEXes (decentralized exchanges) has declined from $250M to under $50M as of press time.
The value has adopted the decline in traction. As of press time, MOODENG’s pullback hit 55%, falling from $0.7 to $0.3.
Moreover the $33M whale guess, over 50K users nonetheless held the memecoin. May that sign a possible value reversal for MOODENG?
Effectively, that may rely upon general market restoration and potential capital re-allocation to the memecoin narrative.
On the worth chart, MOODENG pullback hit an important confluence and help degree that would set off a possible reversal.
Supply: MOODENG/USDT, TradingView
Notably, the golden ratio at 61.8% Fib degree ($0.3) aligned with a key bullish order block (white zone), which stopped one other slight pullback in early November.
The extent additionally aligned with trendline help, reinforcing the area as a robust help zone. So, a value restoration may very well be fronted from this degree, particularly if market sentiment improved within the subsequent few days.
That stated, the market positioning amongst prime exchanges like Binance was arguably bullish.
Learn Moo Deng [MOODENG] Price Prediction 2024-2025
As of this writing, 68% of positions have been internet lengthy on MOODENG, that means that extra gamers have been betting on MOODENG’s value restoration.
Supply: Coinglass
Monitoring the highest whale holder might assist inform when to speed up profit-taking, particularly if he begins promoting.
