Antalpha Transfers $5.16M Worth of XAUT to Bybit, Potential Dump Expected

Antalpha Moves $5.16M Worth of XAUT to Bybit

According to Onchain Lens monitoring, the prominent entity Antalpha transferred 1,000 XAUT tokens valued at approximately $5.16 million to Bybit wallet 15 hours ago.

This significant transaction has sparked market speculation about a potential sell-off. The crypto community widely views this movement as either a fund transfer or a precursor to token disposal.

Market Reactions and Technical Insights

Technically speaking, XAUT has maintained relative price stability recently. However, such a substantial inflow to an exchange could disrupt the current equilibrium and trigger increased price volatility.

• The transaction value reaches $5.16M
• It occurred 15 hours ago
• The destination is a Bybit exchange wallet

Investors should closely monitor the token's price action and volume changes within the next 24 hours to prepare for potential market fluctuations.