BEAT Surges 16.3% as Whale Accumulation Drives Price Rally
BEAT has seen a significant price surge over the past day, climbing 16.3% to trade around $3.20. The rally is attributed to whale accumulation, token burns, and rising derivatives activity.
A large on-chain withdrawal from Gate.io, worth approximately $1 million, accumulated over 473,000 BEAT tokens, valued at around £832,676.99. This led Gate.io to transfer nearly $1 million in BEAT from its cold wallet into a hot wallet to replenish exchange liquidity.
Similar withdrawals were observed on other exchanges, with another wallet withdrawing 160,000 BEAT, valued at about $440,000, from MEXC and roughly $274,000 worth of BEAT moving from HTX into a Gnosis Safe multi-signature wallet. The reduced liquid supply has coincided with the token's latest advance.
Network activity has continued to expand, with the BEAT ecosystem surpassing 20.48 million cumulative on-chain transactions since launch and cumulative decentralised exchange trading volume exceeding $9.1 billion. Speculative participation accelerated as spot demand strengthened.