Project $API3 - Is the Core Team Dumping Tokens? š
14 hours ago, after unstaking 500K API3, the wallet address 0xceae deposited the entire amount ($1.08M) onto the #Binance, creating an unusual deposit activity.
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The 0xceae wallet address is believed to belong to "bbenligiray.eth" 0x584 - the Core Technical Team Lead of the API3 Project.
4 months ago, the "bbenligiray.eth" address transferred 2.6M API3 ~ $8.09M (at the time's price) to the 0xceae wallet to be staked.
Immediately, the 0xceae wallet deposited 500K API3 ~ $1.98M onto Binance and staked the remaining 2.1M API3.
The unstaking activities from this wallet in April, May, and the most recent one 14 hours ago all involved depositing funds onto Binance.
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Some other wallets were also used by bbenligiray.eth to stake:
0x3c130d0A4AB9726AcFe05bf125227e32A40387B0
0x085E7c1cCF1753E38e40b04D0DB2327AE8d14684
The bbenligiray.eth wallet also conducted some OTC trades of large amounts of $API3 with Wintermute during the February-April 2022 period (at 2.3x the prevailing price).
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#DataFi #icrypto
