Một token quản trị DEX bất ngờ chuyển khoản 5 triệu token, dòng chảy ngầm của các tổ chức, liệu giá có thể phá vỡ mức 6?

【Coin Circle】A governance token from a decentralized exchange has been quite eventful recently——on-chain monitoring detected a transfer of 5 million tokens from governance time lock to a new address, equivalent to nearly $30 million USD. Once this movement surfaced, the market immediately started calculating: is it about to unlock? Or is it paving the way for staking, liquidity incentives, and similar treasury 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 directly toward $9, and at that point it will come down to whether fundamentals or capital flows have more say.

What’s even more interesting is that institutional investor activity has become more frequent recently, coupled with noticeably improved liquidity in trading pairs on a major exchange. All this adds complexity to market signals. Better liquidity certainly makes large positions easier to enter and exit, but it also gives all sides more room for game-playing. So whether institutions are quietly positioning right now or taking the opportunity to reduce positions while liquidity is favorable remains an open question for now.