OKX Token OKB
As Bitcoin fell below 39K, there was a sudden oscillation of over 50%, followed by a quick recovery. OKX founder and CEO Xu Mingxing stated that the team will intervene and investigate to understand the reasons behind this.
OKB price plummeted
On-chain signal: Whales recently deposited 95.8 million USD worth of OKB
According to the on-chain data signal from Spot On Chain, a whale deposited 95.8 million USD worth of OKB (176,154 OKB) seven days ago.
After receiving these 176,154 OKB four years ago, ten wallets did not make any further changes until they deposited them into OKX on 1/16. These wallets are believed to belong to the same entity, but it is unknown whether they are the cause of the drastic decline in OKB.
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Xu Mingxing
Further reading
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