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TechFlow reports, according to on-chain analyst Aunt AI, that the AltLayer project team is suspected of dumping tokens. Nine hours ago, the 0xfcc address linked to the AltLayer team deposited 464,000 ALT tokens (worth $150,000) to Binance.
This address had received 214 million ALT tokens (accounting for 19.4% of circulating supply, worth $701 million) three days prior from the project team’s multisig address.
The AltLayer project team is suspected of dumping tokens. Nine hours ago, the AltLayer-affiliated address 0xfcc deposited 464,000 ALT tokens (worth $150,000) to Binance. This address had received 214 million ALT tokens (representing 19.4% of circulating supply, worth $701 million) three days ago from a project multisig wallet.
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