Analysis: The address of the largest WHITE holder may belong to the development team
According to Spot On Chain monitoring, the largest holder address of WHITE (starting with 0x117) received 21,625 ETH (currently worth $44.3 million) from the Hegic: Development Fund address on October 8th. Whiteheart (WHITE) is an on-chain hedging protocol based on Hegic. Therefore, this whale address is likely owned by the development team.
Previously, according to Spot On Chain monitoring, the whale address starting with 0x117 exchanged 1171 ETH (worth about $2.4 million) for 2900 WHITE, causing the token price to soar by 764.78%. This whale is now the largest holder of WHITE.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Unveils Seeker Mobile with Advanced Web3 Features for 2025
Solayer Unveils InfiniSVM: Blockchain Redefined with Millisecond Speed
Bitcoin’s Rollercoaster: Macro Shifts and Market Turbulence Shape Its Path
Strive Asset Management Unveils Bitcoin Bond ETF Targeting Crypto-Driven Companies
Trending news
MoreCrypto prices
More
