#Giant Whale transfers 30 million GMT#

Recently, a whale address named 0x8b3 deposited 30 million GMT (approximately $3.99 million) into Binance 30 minutes ago. This transaction has attracted market attention because the address currently still holds 267 million GMT (approximately $35.64 million). Some analysts believe this could be a signal that the whale is preparing to sell GMT, as depositing tokens into an exchange is often a preparatory step before selling. However, others believe that the whale may be depositing GMT into Binance for other operations, such as participating in DeFi protocols or arbitrage trading. Currently, there are divergent interpretations of this transaction in the market, but it is undeniable that it will have a certain impact on the price trend of GMT.