$APE most recent plunge on the market was most likely fueled by its own developers
As on-chain analysis on address"0xa29d" suggests, at least five ApeCoin Treasury wallets used it as a relay between addresses tied to Coinbase, Binance, FTX and others. Such a sophisticated scheme could have been used for hiding one's tracks and not making a transfer of funds for sale so obvious.
Earlier today, another four ApeCoin Treasury wallets used a similar method of selling their reserves: sending assets to different addresses on the blockchain and then moving them to exchanges. A total of 99.8% of the tokens have been transferred to new addresses every time.At first glance, the ApeCoin project is actively selling its holdings while trying to hide its tracks by constantly using fresh addresses prior to sending funds to various cryptocurrency exchanges.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesian tin groups ask govt to consider impose export restrictions graduallyIndonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants.
Read more »
Crypto Exchange Kraken Settles Case With US Treasury Over Serving Customers in Iran.krakenfx has agreed to pay $362,159 to settle its case with the U.S. Treasury’s Office of Foreign Assets Control over serving customers in Iran in apparent violation of governmental sanctions. By NelWang
Read more »
Treasury yields move lower as China unrest raises global growth concernsBenchmark bond yields near lowest in 10 weeks as investors also bet Fed will ease pace of rate hikes.
Read more »
Treasury yields slip as investors assess impact of China’s Covid policyTreasury yields pulled back as investors closely watched Covid developments in China and digested comments from Fed officials on monetary policy plans.
Read more »