Newly unlocked tokens on Stargate Finance (STG) were transferred to Binance by a whale.
On-chain analysis calculation made by Lookonchain on October 18 in sharingthought to be the same person two whales of your address His actions in STG gave place.
The wallet addresses in question have previously staked 6.22 million STG worth $2.47 million It was unlocked last night (GMT+3). These addresses, together with their holding of all unlocked STGs, are $2.6 million token in the past hours Binance, the world’s largest cryptocurrency exchange carried it.
on Layer Zero cross-chain To have governance rights in Stargate Finance, a (inter-blockchain transaction) protocol staking STG is required.
While the whale’s sending of STGs to Binance created a sale possibility, these transfers were enough to put the token into a period of decline. STG price has been declining steadily since the beginning of this month and 20% declined.
According to CoinGecko data in Bitcoin (BTC) With the withdrawal and the upcoming unlocking STG, decreased in the last 24 hours 3.1% lost value. STG, while writing 0.391 from dollars is being traded.