TechFlow reported on August 20 that, according to Arkham monitoring, prior to Binance's announcement of listing BRETT perpetual contracts, an early holder address 0x85...528e transferred 19.29 million BRETT (worth approximately $1.71 million) to Bybit at 15:59 Beijing time. Tracing back, the funds originated from address 0xFd...2185, which had purchased 96.946 million BRETT for 0.067 ETH (around $178) in February this year and subsequently distributed them across multiple addresses, selling them gradually and realizing profits of tens of thousands of times.
Earlier report: Binance announced it will list BRETT perpetual contracts, causing BRETT to surge nearly 10% in a short period.
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