sell

Whale Dump: 732 Iris Gold Sold at 0.86 — Downside Risk

I noticed a large whale sale on Iris Exchange: 732 Iris Gold were sold in a single block.

The last trade printed at 0.86, which points to increased selling pressure and potential short-term downside.

I’m cautious here — I won’t chase a buy until volume and order-book depth show stabilization.

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Analysis

A 732-token block sale at 0.86 suggests material sell-side pressure; if market depth is thin this can push price lower. Confirm with follow-up volume and order-book behavior to judge whether this is a...

Recommendation

Don’t buy into this move. Wait for consolidation or clearer support, trim exposure if you’re long, and use tight stops while monitoring liquidity and subsequent whale activity.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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