Recent Whale Transactions Foreshadow a Potential SUSHI Sell-off

full version at coinedition

Lookonchain tweeted that a whale recently unstaked 4.08 million SUSHI.
The blockchain tracking firm also tweeted that GoldenTree transferred 5,954,024 SUSHI to Binance recently.
In related news, the price of SUSHI has fallen more than 8% in the last 24 hours.

Lookonchain (@lookonchain) tweeted this morning that a whale recently unstaked 4.08 million SUSHI, which is the native token of the decentralized exchange SushiSwap.

According to the tweet, this whale previously received 3.78 million SUSHI last year and staked the lump sum when the price of the altcoin was around $3. The post added that the crypto was trading at approximately $11 the previous time this whale had received SUSHI. This whale had then transferred the acquired SUSHI to Bitfinex at around $6.

A whale unstaked 4.08M $SUSHI($4.38M) 6 hrs ago.

The whale received 3.78M $SUSHI last year and staked when the price was ~$3.

Last time, the whale received $SUSHI at ~$11 and transferred to #Bitfinex at ~$6

Will he transfer $SUSHI to exchange at a loss again this time? pic.twitter.com/QALwH3Bwuu
— Lookonchain (@lookonchain) March 23, 2023