Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Developers Allegedly Selling a Significant Amount of this Altcoin

Developers Allegedly Selling a Significant Amount of this Altcoin

BitcoinsistemiBitcoinsistemi2024/08/25 19:51
By:Mete Demiralp

Onchain data provided by Arkham has shown that developers may be selling on this altcoin.

According to Onchain data, a large amount of altcoins were sold from wallets thought to belong to developers of an altcoin.

Onchain data obtained by Arkham showed that hours earlier, two wallets suspected to belong to AEVO developers sent 7.37 million AEVO tokens worth $3.18 million to cryptocurrency exchange Bybit, presumably for resale.

The two wallets in question received a total of approximately $64 million worth of RBN tokens, when the AEVO tokens were called RBN at the time. On the other hand, at the time of writing, these wallets hold a total of approximately $33 million worth of AEVO tokens.

Related News Ethereum Founder Vitalik Buterin Reveals Projects He Approves and Disapproves - Talks About Pavel Durov's Arrest

AEVO was one of the Binance Launchpool projects. Like almost all Launchpool projects launched this year, AEVO also lost its initial investors. The AEVO price has lost 84% since its launch in March. The token is listed on Binance, OKX, and Bybit, but not yet on Coinbase.

On the other hand, it ranks 144th among the largest cryptocurrencies with a market value of $ 373 million.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like