CandleFocus Cartesi Whale Deposits 24 Million CTSI Tokens To Binance, Sign Of Plunge?
2024-12-23
Author: Content Editor
A whale holding Cartesi (CTSI) tokens dumped almost a quarter billion worth of tokens, raising concerns about the health of the Cartesi market. The whale sold 24 million CTSI tokens worth $3.59 million to Binance, representing 2.85% of the circulating supply. The move occurred during a dip in the overall crypto market and could be attributed to profit-taking or portfolio diversification. The selling pressure caused a decrease in CTSI's trading volume and a 22.5% drop in price over the last seven days. Despite this, Cartesi's roll-up technology, which addresses Ethereum's scalability issues, has garnered recognition and adoption in the crypto community.
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