The team took action to emphasize the #GFT project, which Binance announced would be delisted, as the last. The token supply was removed twice and transferred to many exchanges, including Binance, and sold.

While Binance announced on Tuesday that they would be delisting 5 cryptocurrencies, the Gifto (GFT) team, one of the projects on this list, made a profiteering move. According to the performance of on-chain “detective” ZachXBT, the Gifto team was published in 2nd place after Binance’s delisting announcement.

The team produced 1.2 billion more tokens on BNBChain and sent these tokens to Kucoin, MEXC, Bitget, Binance, OKX and Gateio exchanges. It is considered certain that the tokens were sold.

Following the flow of the news, there was a 40% decrease in the token value, which had already been falling since yesterday. In fact, a warning was published on Coingecko that the Gifto team had minted new tokens.

Binance announced on December 10 that it would acquire the entire platform of Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), Ren (REN) projects.

#zachxbt #binance #BinanceBNSOLPYTH #MarketInTheGreen