Alameda’s 4.5M POL Dump Sparks Sell-Off Fears Amid Price Rally

CoinMarketCap11-24 00:49

Alameda Research transferred 4.5M POL tokens worth $1.98M to Binance over four days. RSI at 72.39 indicates overbought conditions, while MA crossovers suggest an uptrend. Alameda Research has raised ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485878367?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/f1b33864d6bc49e3afdb02f267c77055.jpeg","is_english":true,"pubTime":"2024-11-24 00:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485878367","market":"us","top_or_hot":-1,"title":"Alameda’s 4.5M POL Dump Sparks Sell-Off Fears Amid Price Rally","media":"CoinMarketCap","content":"<div>\n<p>Alameda Research transferred 4.5M POL tokens worth $1.98M to Binance over four days.\nRSI at 72.39 indicates overbought conditions, while MA crossovers suggest an uptrend.\n\nAlameda Research has raised ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67420794deeb096f4e107356/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alameda’s 4.5M POL Dump Sparks Sell-Off Fears Amid Price Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlameda’s 4.5M POL Dump Sparks Sell-Off Fears Amid Price Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 00:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67420794deeb096f4e107356/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alameda Research transferred 4.5M POL tokens worth $1.98M to Binance over four days.\nRSI at 72.39 indicates overbought conditions, while MA crossovers suggest an uptrend.\n\nAlameda Research has raised ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67420794deeb096f4e107356/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67420794deeb096f4e107356/","article_id":"2485878367","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/f1b33864d6bc49e3afdb02f267c77055.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485878367","pubTimestamp":1732380563,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Alameda Research transferred 4.5M POL tokens worth $1.98M to Binance over four days.RSI at 72.39 indicates overbought conditions, while MA crossovers suggest an uptrend.Alameda Research has raised concerns among investors by transferring large amounts of Polygon  tokens to Binance during a price surge. In the past four days, the firm moved 4.5 million POL tokens worth $1.98 million. The latest transfer involved 2 million POL tokens, valued at $927,000.Alameda’s history of token dumps has led to steep market corrections in the past. Traders are now closely monitoring Binance’s order books for any signs of liquidation. With Polygon’s circulating supply at 7.97 billion POL, investors remain cautious about the impact of large sell-offs on the token’s upward momentum.The Relative Strength Index  currently stands at 72.39, indicating overbought conditions. Its average at 61.36 reflects growing bullish momentum. Moving averages add to the bullish case, with the 9-day MA at $0.4454 above the 2","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4122":"互联网与直销零售","BK4150":"赌场与赌博","BK4083":"家庭装潢零售","POL":"Polished.com Inc.","RSI":"Rush Street Interactive, Inc."},"translate_title":"Alameda抛售450万POL引发价格上涨期间抛售担忧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POL":1,"RSI":1},"content_text":"Alameda Research transferred 4.5M POL tokens worth $1.98M to Binance over four days.\nRSI at 72.39 indicates overbought conditions, while MA crossovers suggest an uptrend.\n\nAlameda Research has raised concerns among investors by transferring large amounts of Polygon (POL) tokens to Binance during a price surge. In the past four days, the firm moved 4.5 million POL tokens worth $1.98 million. The latest transfer involved 2 million POL tokens, valued at $927,000. \nPolygon’s market activity has intensified, with its price trading at $0.5453, reflecting an 18.25% gain in the last 24 hours. The market cap surged by 17.44% to reach $4.35 billion. Meanwhile, trading volume rose 71.74%, totaling $819.45 million in the same period. The volume-to-market-cap ratio stands at 18.90%, signaling heightened trading interest.\nAlameda’s history of token dumps has led to steep market corrections in the past. Traders are now closely monitoring Binance’s order books for any signs of liquidation. With Polygon’s circulating supply at 7.97 billion POL, investors remain cautious about the impact of large sell-offs on the token’s upward momentum.\nPolygon in Today’s Market\nThe technical indicators reveal a bullish flag pattern for POL. This pattern suggests further upward momentum if resistance levels break. The immediate resistance is at $0.5552, while support rests at $0.3968. A breakout above $0.5552 could push the price toward $0.60. Conversely, a drop below $0.3968 may trigger a bearish sentiment.\n\n\nThe Relative Strength Index (RSI) currently stands at 72.39, indicating overbought conditions. Its average at 61.36 reflects growing bullish momentum. Moving averages add to the bullish case, with the 9-day MA at $0.4454 above the 21-day MA at $0.3968. This crossover signifies a strong uptrend and potential for sustained gains.\nWhile the price rally and bullish patterns support continued growth, sell-off risks from whales remain significant. POL’s price surge, coupled with Alameda’s token transfers, creates a volatile scenario.Highlighted Crypto News TodayDogecoin (DOGE) Surges 19% as Hash Rate Hits Record High","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485878367"}