Trader: Investors Should Beware of RVV Project Team’s Suspected Ongoing Sale of Locked Tokens
According to ChainCatcher, trader "Hanbalongwang" posted a reminder that the RVV project team appears to be continuously selling locked tokens. Previously, the top address was a locked multi-signature wallet, but there have now been outgoing transactions.
This KOL stated that although some in the market are still betting that a certain exchange may intervene to handle the incident, on-chain data shows that the project team still controls about 80% of the tokens and continues to transfer them out, posing extremely high risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The hardcore bearish whale's 20x leveraged BTC short position is now floating a profit of over $18 million.
Machi reduces 25x ETH long position, current liquidation price is $3,042.74
A smart money investor switched from long to short and opened a 3x leveraged short position of 1,000 BTC.
