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BNB Significant selling of ASTEROID tokens
According to monitoring by the online data analysis platform, ASTEROID tokens launched by former BNB Chain employees have recently experienced significant selling activity. Data shows that the token developer made a profit of approximately US$628,000 by selling most of the tokens it holds.
According to public data, the former BNB Chain employee purchased ASTERID tokens through four newly opened wallets after creating the tokens. These wallets purchased a total of 796.7 million ASTEROID tokens at a total cost of US$10,000, accounting for 79.67% of the total supply of the tokens.
Subsequently, the developer, who controlled the vast majority of the token supply, sold 718.8 million ASTEROID tokens on the market. The sell-off generated a total of 1103 BNBs (approximately US$638,000). After deducting the $10,000 cost invested in the original purchase, the transaction earned a profit of approximately $628,000.
Previously, BNB Chain issued a statement saying that a former employee obtained the seed phrase of the company's official test wallet without authorization and used this permission to mine a memin called ASTEROID. The company emphasized that ASTEROID was not created, authorized or supported by BNB Chain. BNB Chain also announced that it had filed legal proceedings against the former employee and was cooperating with relevant public authorities.
* This content does not constitute investment advice.
