Related Reading: Litecoin (LTC) Continues To Impress With 25% Rally In Last Seven Days More Than $19 Million Worth Of ApeCoin Disposed At least five APE treasury wallets were found to have been using one address, referred to as "0xa29d” as a means for relay between other addresses linked with Coinbase, Binance, and the crashed FTX to facilitate and hide the massive sell of tokens.A little over 4.6 million ApeCoins worth $19.7 million have been moved out from the project’s treasury wallet and were distributed among various addresses.
"0x876c” accounted for the largest chunk of the moved assets while around 50,000 tokens were found out to have been sent to "0xa29d.” As it would appear, ApeCoin itself is actively and aggressively selling its holdings while exerting a lot of effort to hide its tracks by using new addresses before sending a boatload of tokens to different crypto exchanges.
ApeCoin Faces Daunting Road To Recovery After peaking at $23.63 back in April 29 this year, the crypto asset has been on a steady decline until it stopped the bleeding on November 10 when it changed hands at $2.85.
The story "ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings" has 449 words across 27 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings" was covered 3 months ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 0 news stories per day.
It's most recent story was published 1 months ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.
