A notable crypto whale recently triggered a significant sell-off in the MASK token market after depositing over 756,000 MASK tokens to Binance. This large transaction resulted in a $366,000 realized loss for the whale, raising concerns about a bearish outlook or an urgent need to liquidate holdings. Consequently, MASK’s price plummeted by 17% in a short timeframe. Experts suggest this activity highlights how influential large holders can be when selling off tokens on platforms like Binance, causing panic among other investors and traders. The event underscores the vulnerability of tokens with low market liquidity. A significant portion of the token’s transfer to Binance may indicate preparation for a subsequent sell-off. This sale wave is likely what led to the price drop and created immediate instability in the MASK token market.