There is news of two large $SPK airdrop claimers who have deposited millions of tokens into Binance and attracted much attention in the crypto circles.
Claimers Move Massive $SPK Volumes
Blockchain tracking platform Onchain Lens indicated that the two biggest recipients of the airdrop of $SPK have started disposing of the token through Binance. The largest claimant has wallet address 0xAA1582084c4f588eF9BE86F5eA1a919F86A3eE57 and claimed in total of 21.45 million $SPK, which is worth an estimated $1.34 million.
The total volume of claimed funds was transferred in two transactions according to on-chain data: 20.45M and 1.00M SPK tokens, and were transferred to a Binance deposit wallet.
The wallet then received the claim on a SafeProxy address assigned with the label of the status of the “Heavy DEX Trader,” and the implication of the potential daily trading done before the deposit.
Second Largest Claimer Linked to Bitfish1
The second biggest airdrop recipient has an address connected to the wallet at Oxaa1582…3ee57, which is thought to belong to the famous cryptocurrency whale @bitfish1. This wallet possessed an amount equal to 17.58 million $SPK, and that equates to around 112 million US dollars at the current market rates.
Similarly to the top claimer, this wallet also obtained its tokens through a SafeProxy and then sent the entirety of 17.58M tokens of the token to Binance. Its wallet is labeled as Passive Uniswap V3 LP, which translates as the strategy of adding liquidity instead of active trading.
Market Implications and Community Reaction
The transfer of more than 2.46 million dollars of $SPK to Binance in an hour has also raised the question of the possible sell pressure and volatility in the price of the token in the short term. As these deposits are large and have proceeded fast, traders are closely checking the Binance $SPK order books in case of unwinding.
As the whales start getting more active after the airdrop, the investors of $SPK are encouraged to keep a close eye on on-chain trends and on-exchange inflows in the near future.
