Long-term holders move: Market signals behind the large transfer of tens of millions in MNT

【Blockchain Rhythm】A relatively large on-chain transfer has attracted attention. An address associated with Mirana Venture recently transferred 13.65 million MNT tokens to an exchange after locking MNT tokens for a full 3 years, equivalent to approximately $12.2 million at current prices. Such long-term holders reducing their positions often reflect a change in market participants’ attitudes. From the perspective of holding cycles, the withdrawal activity from this major wallet may indicate that the holder is re-evaluating their position allocation or responding to current market conditions. Movements of large on-chain addresses have always been one of the key signals closely watched by traders.