Two Wallets Withdraw 110M Lobster Tokens, 11% of Supply, From KuCoin and Gate

A single entity pulling 11% of total supply off two exchanges is a supply-shock signal worth noting, since it removes liquid float from venues where price discovery happens. The concentration itself is the story: whether these wallets are one holder or two, the token's tradable depth now depends heavily on what that entity does next. The open question is whether the withdrawal reflects long-term custody or positioning ahead of a move back into the market.