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

I noticed a large sell on Iris Exchange: 732 Iris Gold were sold at the last reported price of 0.86. This looks like significant whale selling and raises immediate selling pressure on the token.

I will watch for follow-through and orderbook depth; if buyers don’t absorb this volume, the price could move lower in the short term.

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Analysis

The concentrated 732-token sale at 0.86 indicates a large holder reducing exposure; in a thin orderbook this can push price down quickly and attract further selling. Monitor volume and bids to gauge w...

Recommendation

Given the sizable whale sale, avoid initiating new long positions for now and consider selling or reducing exposure until clear support or buying absorption is observed.

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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