Humanity Token Transfer Sparks Selling Pressure Concerns

A significant transfer of Humanity (H) tokens worth $4.24 million has raised concerns about potential selling pressure on the cryptocurrency.

The transfer, which consisted of 67.08 million H tokens, was made to Bybit, a popular crypto exchange.

This comes after a recent price surge of 10.14%, but surprisingly, the price remained stable, indicating that buyers absorbed the supply without losing confidence.

Binance's top traders maintain a bullish stance with a long/short ratio of 1.41, and futures funding rates remain positive, signaling sustained optimism for Humanity's recovery.