No confirmed sale; deposit raises potential selling pressure
As reported by cn.blockchain.news, a large holder deposited 751 million FUN to Binance about eight hours ago, an amount equal to roughly 6.83% of the token’s supply. This is a sizeable inflow to a centralized venue and typically raises the probability of near-term selling without proving that any sale occurred.
There is no public evidence of executed sales tied to this specific deposit at the time of writing. Exchange transfers often precede liquidation, but they can also serve non-selling purposes such as custody changes or preparation for alternative transactions.
Why the 751 million FUN Binance whale deposit matters now
Size and venue matter for microstructure. Moving a block that large into a top exchange concentrates potential sell-side liquidity in one place, which can affect order-book depth, spreads, and short-term volatility if orders are executed on-screen.
According to coinness.com, the tokens had previously been withdrawn from Binance during a prior bull market roughly four years ago when the stash was worth about $18.25 million. That historical context indicates a significantly underwater position today, shaping incentives around whether to realize losses or wait for better liquidity conditions.
After reviewing the transaction trace, Lookonchain summarized the event this way:
“A whale deposited 751 million FUN into Binance 8 hours ago. If sold, the estimated loss is 16.7 million US dollars”
In the very short term, the deposit increases potential sell-side inventory available on Binance. If market orders or large resting offers appear, price impact and intraday volatility could rise; absent executions, realized effects remain uncertain.
At the time of this writing, FUN trades near $0.001269 with extremely high 20.01% volatility and an RSI(14) around 40.41. Short-term analytics flag a bearish tone alongside 12 green days out of the past 30.
Scenarios for the Binance whale deposit
If sold on-exchange: increased selling pressure, possible volatility spike
Executing this size directly on Binance’s spot order book would likely add material sell pressure relative to typical depth. That could widen spreads, increase slippage, and trigger a short, sharp volatility spike if liquidity thins.
The realized effect would depend on execution style. Aggressive market sells typically move price more than algorithmic slicing, iceberg orders, or patient limit execution against organic demand.
If OTC, collateral, or internal: muted price impact potential
An over-the-counter arrangement, pledging funds as collateral, or internal account rebalancing can reduce visible pressure on public order books. These paths often shift risk without immediate spot-market impact.
Traders typically monitor exchange inflows/outflows, order-book depth, and large trade prints, along with any follow-on whale transfers, to gauge whether the deposit converts into active selling.
FAQ about 751 million FUN
How could this whale move affect FUN price, liquidity, and short-term volatility?
It adds potential sell-side supply on Binance. If executed aggressively, spreads and slippage can increase, elevating short-term volatility. Without sales, impact remains a risk rather than a certainty.
Which wallet is involved and what does on-chain data from Lookonchain show about its history and cost basis?
A whale address sent 751 million FUN to Binance. Prior activity shows earlier withdrawals during a bull market at higher valuations, implying a large unrealized loss versus current prices.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/funtoken-faces-pressure-as-751m-fun-moves-to-binance/
