Token tata kelola DEX tertentu tiba-tiba mengalami transfer sebanyak 5 juta koin, arus bawah tanah institusi mengalir deras. Apakah harga bisa menembus 6?

【Coin Circle】A decentralized exchange’s governance token has been quite active lately — on-chain monitoring detected a transfer of 5 million tokens from governance time locks to a new address, equivalent to nearly $30 million USD. Once this movement hit the market, speculation immediately kicked in: Is this an unlock? Or is it paving the way for staking and liquidity incentive operations? To be honest, this uncertainty does tend to make people nervous.

From a technical perspective, the price is currently holding steady at the $5.70 support level, which is a solid floor. But if it can break above $6.25, the momentum could push all the way to $9 in one shot — at that point, it will come down to whether fundamentals or capital flows have more say.

What’s even more interesting is that institutional investors have recently become more active, coupled with noticeably improved trading pair liquidity on a certain top exchange, all of which add complexity to market signals. Better liquidity certainly facilitates large-scale entries and exits, but it also gives all parties more room for positioning. So whether institutions are quietly accumulating or taking the opportunity to reduce positions while liquidity is good — this question doesn’t have a definitive answer just yet.