Two whale/institutional addresses transferred over 170,000 ASTER to the exchange today, equivalent to approximately $22.88 million.

According to on-chain analyst Yu Jin, two major whale/institutional addresses transferred 17.857 million ASTER (worth $22.88 million) to exchanges today. One of these whale/institutional addresses, which has accumulated 64.535 million ASTER through Gate, has been transferring tokens to Binance for several consecutive days. Today, this address transferred another 9.575 million ASTER (approximately $12.53 million) to Binance. According to on-chain data, this address has transferred a total of 58.608 million ASTER (approximately $92.25 million) to Binance over the past week, leaving only approximately 5.926 million ASTER (approximately $7.42 million) remaining, and is expected to be fully transferred out soon. Another whale/institutional investor who participated in the WLFI public offering (subscribing for 200 million WLFI with 10 million USDT) withdrew 8.282 million ASTER tokens from Bybit three weeks ago (then worth approximately $16.86 million at a price of $2.03). Approximately eight hours ago, these ASTER tokens were transferred back to Bybit. Due to the recent price drop, ASTER is currently trading at approximately $1.25, and the market value of the tokens held by this address has shrunk by approximately $6.52 million.