TechFlow News — Investors in the Filecoin community have raised concerns after an unknown account suddenly received 1.5 million FIL tokens on October 15 and transferred 800,000 FIL to Huobi. According to the token unlocking schedule, early investors, the official team, and miners should have only unlocked 500,000 FIL on the first day.
In response, a related party explained that these tokens were distributed across multiple exchanges, not just Huobi, primarily to establish independent market makers to maintain price stability during the project's early stages when prices could be most volatile. They emphasized that this does not represent a sell-off of FIL by the Filecoin team. Another member added that this is part of investor allocation, noting that as early as 2017, they stated that unsold tokens would be used for market making.
