According to Lookonchain monitoring, the Israeli blockchain IaaS platform OrbsNetwork team seems to have sold ORBS tokens after the token price increased. Two wallets that received ORBS from the team deposited a total of 81.8 million ORBS tokens (approximately $4.25 million) into OKX in the past 16 hours. An address starting with 0xC13A received 134 million ORBS tokens (approximately $7 million) from Orbs team and founding partner wallets, and deposited 61.8 million ORBS tokens (approximately $3.2 million) into OKX.
An address starting with 0x33B5 received 94.3 million ORBS tokens (approximately $4.9 million) from Orbs long-term reserve wallet and deposited 20 million ORBS tokens (approximately $1.04 million) into OKX. These two wallets currently hold 153 million ORBS tokens (approximately $8 million) and may continue to sell ORBS.
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