Whale's $FET Sales Cause 6% Price Dip:Analysis

$FET experienced a 6% decrease in its value within the recent hours. The likely contributor to this downward movement is speculated to be a smart whale, identified by the address 0x62.

This particular whale acquired 2.6 million FET, amounting to $545,000, from Coinbase about three months ago. Their acquisition cost averaged out to $0.21 for each token. Recent activities indicate that they have initiated selling these tokens. By doing so, they have pocketed a handsome profit, approximately 40% or around $220,000. The method of selling involved depositing the tokens back into Coinbase. This action seemingly has led to the observed decline in the FET's price.

For those interested in a closer examination of this whale's transactions and holdings, a direct link to the wallet is provided: https://t.co/nYep3cgsb9.