Whale Activity on Bybit: $SUNDOG Sees Massive Withdrawals Amid Growing Interest

In a significant development for the cryptocurrency market, two newly created wallets have withdrawn over 40.3 million $SUNDOG tokens, worth approximately $2.09 million, from Bybit in a single transaction. This movement, tracked via Tronscan on the TRON blockchain, highlights a surge in whale activity and growing interest in the token. Additionally, other wallets have withdrawn a total of 28.74 million $SUNDOG ($1.47 million), suggesting a coordinated accumulation effort. These transactions underscore the heightened attention $SUNDOG is receiving from large-scale investors, potentially signaling bullish sentiment for the token’s future.

Whale Activity Surges for $SUNDOG as New Wallets Withdraw Over 40M Tokens

Two newly created wallets have withdrawn more than 40.3 million $SUNDOG tokens, worth approximately $2.09 million, from Bybit in a single transaction. The movement, tracked via Tronscan on the TRON blockchain, signals heightened whale interest in the token.

Additional withdrawals totaling 28.74 million $SUNDOG ($1.47 million) were observed from other wallets, suggesting coordinated accumulation. The transactions originated from multiple exchanges, reinforcing the token’s growing liquidity profile.

German Authorities Seize $38M from No-KYC Crypto Exchange eXch

German law enforcement has confiscated $38 million in assets and technical infrastructure from instant cryptocurrency exchange eXch. On-chain investigator ZachXBT revealed the seizure follows the platform’s decision to cease operations effective May 1.

The no-KYC exchange previously refused to freeze ethereum transactions linked to Bybit, citing reputational concerns and address blacklisting issues. eXch maintained its privacy-focused model wasn’t designed for money laundering, though authorities appear to have reached different conclusions.

Residual crypto balances remain in some eXch wallets, but the bulk of its operational capacity has been dismantled. The case highlights growing regulatory scrutiny on non-compliant crypto marketplaces across European jurisdictions.