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📉 SIGNAL OF DUMP? YZI LABS WALLET PUSHES $6.6 MILLION $ID TO BINANCE

Onchain data from the reputable analytics firm Nansen has just detected an unusual flow of funds related to the Space ID project.

A wallet address identified as closely linked to Yzi Labs has conducted a net transfer of 134.20 million ID tokens to the Binance exchange.
At the time of the transaction, the amount of tokens had a market value of approximately $6.63 million USD.

Depositing a large quantity of tokens on a centralized exchange is often understood as a liquidity preparation move by large funds or organizations.

With a volume of up to 134 million tokens, if this amount is dumped directly onto the market, it could cause a short-term supply shock, pushing the price $ID down significantly.

Investors holding Long or Spot positions of ID should be cautious and monitor the sell wall on Binance in the next 24 hours.

This article is for informational purposes only and should not be considered as investment advice.