DeFi investors made the first move At the time of

DeFi investors made the first move

At the time of writing, a selloff was already underway. Notably, decentralized finance (DeFi) investors have been reducing their exposure to S tokens.

Between the 3rd and 5th of July, DeFi wallet holders offloaded $37.9 million worth of S tokens. Their cumulative holdings dropped from $836.44 million to $798.49 million.

This outflow indicates that investors are unlocking S across multiple platforms and withdrawing their assets, implying a shift from long-term holding to a more bearish, sell-oriented sentiment.