2026-01-08 03:26:22

On-chain data shows that a well-known early holder transferred 18 million Binance Coin (BNL) to a leading exchange 10 hours ago. At the current price of $0.1386, this asset is valued at approximately $249,600.

Interestingly, this address accumulated a large position during October to November last year, with an average cost of as high as $0.171. If they are truly selling off, this move would result in a loss—estimated at around $58,100.

From on-chain data, it appears that whales are also adjusting their strategies. Is this transfer meant to close positions and cut losses, or just repositioning? The market will have to wait and see the subsequent actions. Similar high-level trapped positions are common in this round of adjustment, making it important to monitor every move of large on-chain holders.

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PrivacyMaximalist

· 01-08 15:14

Here we go again. Those who bought in at high prices now have to slowly cut losses. Losing over 50,000 is a small matter; the key is that their mentality is about to collapse.

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AirdropFatigue

· 01-08 03:56

Oh no, I'm about to take a loss again. The brothers who bought in at the high last year lost more than fifty thousand... We definitely need to keep an eye on the movements of the whales; they might be setting another trap. Really? Do you still dare to buy the dip now? I truly can't understand this move... This wave of cutting losses is quite fierce. Early holders can't hold on anymore. Wait, if they really start dumping, I'm just going to run. I can't take it anymore.

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CryptoFortuneTeller

· 01-08 03:54

It's the same old trick again, early bagholders transferring to exchanges... Is it really about cutting losses or just scaring us? This guy bought in at high levels last year, and now that it's fallen so much, he must be taking a loss, or he's just pretending to sell to scare the market. Honestly, none of you can really tell. Stuck at $58,000, I would have given up long ago, but whales of this size might be betting on a rebound. Let's wait and see—when big players move, the market goes crazy.

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MoodFollowsPrice

· 01-08 03:52

Selling is surrendering. This wave probably lost around 50,000 to 60,000, it hurts. --- Another one is trapped, just waiting to see how he will end up. --- Early layout was actually cut, hilarious, that's just how this market is. --- Should I move the position or stop loss? Anyway, this guy is hanging by a thread, caught in the trap. --- A loss of over 50,000, how long do I have to work to make it back? --- Even whales are not easy to mix with; the outcome for those who buy at high levels is the same. --- Bet he will end up dumping in the end, no other choice. --- This is the cost of early holdings; coming early is not as good as coming at the right time.

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NeonCollector

· 01-08 03:36

Hmm, this move looks fierce. How panicked must one be to turn a loss of over 50,000 like this? Or maybe it's not a dump at all, just repositioning... Who knows? It's really hard to guess the intentions of large on-chain whales. I've experienced this kind of trapping last year, it's exhausting. Wait, could it actually be accumulation? Exchanges might not just be dumping.

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UnluckyMiner

· 01-08 03:26

Damn, still trapped again? The bagholders from last year's high are still here. Is this whale accepting losses or doing something else? It depends on what they do next. This coin's drop really makes people feel miserable. It's another stop-loss season; even the big players can't hold on anymore. Just looked at it, and the stories of being trapped over these months are more tragic than the last. Only the gods know whether to close the position or move it elsewhere. Losing so much, if it were me, I would have already run away.

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