Chain News by Thebittimes.Com

Following this month’s activity related to September’s tokens unlock by Ripple, the company moved another 75 million XRP ($38 million ) on Monday, from which 58 million XRP went to known exchange addresses, probably to be sold on the crypto spot market. Notably, Ripple had already moved 100 million XRP from the 200 million tokens kept after the escrow’s finality. With the most recent activity, there are still 25 million left in the account address tagged as “Ripple 1”, by XRPScan . Following the track of the 75 million XRP Once again, Finbold tracked down these transactions on-chain trails, which followed a very similar pattern to the 100 million tokens moved one week earlier. Passing through the same accounts as before, suggesting they belong to the same owners. In this context, 75 million XRP were sent from “Ripple (1)” to the unknown address “rJqiM…La8nE” on September 18. One and a half hours later, the 75 million were forwarded to “rhWt2…E32hk”. Cryptocurrenc...

On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per OP. Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.  On May 31, 386 million OP token s will be unlock ed for early contributors and investors. The amount of token s that will be released into the market accounts for 9% of the total supply. The token s are worth around $587 million and are expected to increase the circulating supply by over 100%. Seemingly preparing for the token unlock , Wintermute’s wallet has transferred 2.651 million OP — worth $4.31 million — to Binance in the past two days. According to the on-chain analytics platform Spot on Chain, the DeFi platform and crypto market maker has already sold the token s for $1.63 per OP. Over the past 42 hours, @wintermute_t has moved 2.651M $OP to #Binance at $1....