TRON blockchain observations reveal that whale activity of $SUNDOG has reached significant levels. Data blocks over the past month show massive token withdrawals through major crypto exchanges.
Significant Token Withdrawals
On May 8, 2025, two newly created wallets, TGA…Pw and TDWW…HTn, collectively withdrew over 40.3 million $SUNDOG tokens, amounting to nearly $2.09 million, through Bybit. These withdrawals were recorded and analyzed using the Tronscan service.
Cooperative Wallet Movements
Blockchain data indicates that one wallet (TDWWJ7xKPAPm…q8wGHTn) received large transfers from major exchanges such as HTX, Gate.io, Kucoin, Bybit, and Bitget within a short time frame. Cumulative withdrawals from various sources amounted to about 6.99M, 4.87M, 3.5M, and 3M $SUNDOG, indicating a strategic accumulation approach.
Market Outlook for $SUNDOG
According to Lookonchain, several wallets, including TUbMd and TF4YHc, have withdrawn $28.74 million ($1.47 million) worth of $SUNDOG over the past 10 days. This accumulation supports the hypothesis that one or multiple entities are quietly amassing significant amounts of tokens amid growing confidence in the token's future.
The increase in whale activity indicates high investor interest in $SUNDOG and the potential for price growth. With such accumulation levels, the market is particularly sensitive to potential price fluctuations and project developments.
