Animoca Brands' Practical Approach to Crypto: ETH Deposits and PIXEL Gains During Market Fluctuations
- Animoca Brands deposited 5,500 ETH into Binance’s hot wallet and sold 20 million PIXEL tokens, reflecting strategic liquidity management. - The ETH deposit and $2.44M PIXEL sale aim to optimize returns amid crypto volatility, leveraging the firm’s Ethereum whale status and early stake in Pixels. - PIXEL’s low float (22% unlocked) and 509,000 daily active wallets highlight its growth potential, though limited token adoption remains a challenge. - Upcoming 2025 token unlocks and Animoca’s dual role as inve
Animoca Brands, a prominent Web3 investment company, has been pinpointed as the origin of a 5,500
At the same time, the same wallet address made a $2.44 million transaction, moving 20 million
Launched in March 2024, the PIXEL token remains a low-circulation asset, with just 22% of its total supply available. Animoca Brands’ early backing of the project, including participation in a 2022 seed round, makes it a significant stakeholder. Despite its modest market presence, Pixels has managed to attract 509,000 daily active wallets on-chain, a notable achievement for a Web3 game. However, token usage is still limited, with only 5,613 holders and little trading outside of Binance and a few major exchanges Bitget, (https://www.bitget.com/news/detail/12560604217327) [ 2 ]. The game’s focus on a free-to-play model and its use of the
The recent movements of ETH and PIXEL reflect wider trends in crypto liquidity. Binance has experienced substantial inflows of stablecoins and outflows of Ethereum this month, as both institutional and retail traders increasingly adopt a "buy the dip" mentality. Experts observe that large ETH withdrawals often suggest long-term storage in cold wallets, which reduces the immediate supply on the market. For Animoca Brands, the timing of these actions—coming after a market correction—highlights a cautious approach to safeguarding capital amid broader economic uncertainty [ 1 ].
Looking forward, the Pixel token will encounter key milestones in 2025, when accelerated unlocks from early presale rounds could further affect liquidity. Animoca Brands’ dual identity as both a Web3 investor and an active market player is expected to remain crucial for the token’s future. Meanwhile, the company’s Ethereum reserves and trading behavior continue to be seen as indicators of investor mood in the play-to-earn sector, where balancing speculation and sustainable development is an ongoing challenge Bitget, (https://www.bitget.com/news/detail/12560604217327) [ 2 ].
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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