Bankrupt Cryptocurrency Company Turned to Large Sales of This Altcoin on Binance!

Starknet's (STRK) second-largest whale has begun selling in connection with liquidation proceedings.

According to data provided by the on-chain analysis platform Spot On Chain, Teneo, the liquidator of the bankrupt cryptocurrency company Tree Arrow Capital (3AC), has started the sale of STRK.

Current data revealed that the wallet belonging to Teneo deposited 2.18 million STRK worth $2.63 million to the cryptocurrency exchange Binance in the last 3 days.

After this sell-side transfer, 130 million STRK, worth $157 million, remained in the Teneo wallet. The 130 million STRK in question makes the Teneo wallet the second largest wallet when team wallets are set aside.

Ethereum (ETH) co-founder Vitalik Buterin unlocked 845,205 STRK worth $1.07 million on May 24, bringing a decline in price.

According to CoinGecko data, STRK, which has increased by 2% in the last 24 hours, is traded at $ 1.25 at the time of writing.