Wu says that, according to @EmberCN monitoring, Ann announced the delisting of the RVV/USDT perpetual contract. The Astra project team address (0xd3Ca...dA94) transferred 5.354 billion RVV in the last 4 days, accounting for 53.54% of the total RVV supply. RVV price has dropped 59% since the delisting announcement, from $0.0027 to $0.0011. Of that, 354 million RVV (approximately $607,000) have been moved to exchanges. Another 5.0 billion RVV (about $5.97 million) were not transferred directly to exchanges, but the receiving address transferred RVV to the aforementioned exchanges yesterday. In addition, the project reported a theft after its launch in October last year, involving 860 million RVV, converted to 10.288 million USDT. https://t.co/dPmZ7K1yUZ
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141.6K @EmberCN After Binance announced on 2/5 that it would delist the RVV/USDT perpetual contract today (2/10), the project address of @Astra__Nova transferred out 5.354 billion $RVV in the past 4 days, accounting for 53.54% of the total RVV supply.
RVV has also dropped 59% since the delisting announcement ($0.0027→$0.0011).
◎ Of which, 354 million RVV ($607,000) have already entered exchanges such as Bitget, Kucoin, and MEXC.
◎ Additionally, 5 billion RVV ($5.97 million) have not yet been transferred to exchanges, but the address that received these tokens transferred RVV to the aforementioned exchanges yesterday, so it is possible that these tokens may also enter exchanges soon.
RVV withdrawal address: https://t.co/K5abKwneC8
In October last year, shortly after RVV launched, it claimed to have been stolen, dumping 860 million RVV for 10.288 million USDT. However, I personally doubt the theft claim.
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141.6K @EmberCN Altogether, 860 million $RVV (8.6% of total supply) were transferred from the project's minting contract and subsequently sold on-chain, causing a sharp decline in $RVV.
These 860 million $RVV were sold for 10.288 million USDT, of which 8.226 million USDT were transferred to Gate and Kucoin, and another 2.041 million USDT remain in on-chain wallet 0x643.
The project team tweeted that it was stolen, but I am skeptical. Which hacker would convert stolen assets into USDT and hold them? Moreover, they were sent directly to a CEX. USDT can be frozen, and sending it straight to a CEX—where is the hacker that foolish?
RVV minting contract from which $RVV was transferred: https://t.co/K5abKwneC8
USDT obtained from selling $RVV moved to Gate: https://t.co/LBrb6uq6tU
https://t.co/iVOsu3WR8P
https://t.co/Dlnk8ogvCi
USDT obtained from selling $RVV moved to Kucoin: https://t.co/Xv3UQdxnm9
https://t.co/HtENEEnzla
On-chain wallet still holding 2.041 million USDT: https://t.co/OaRRu4ogev
This article is sponsored by #Bitget | @Bitget_zh
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98.8K @Utoday_en .@Astra__Nova announces completion of a $600 million $RVV buyback initiative https://t.co/Ca0IJm1Kpn
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