Developers receive Altcoin tokens after a massive unlock, transferring huge amounts to exchanges

Multisig wallet 0x062, owned by altcoin developers Space ID, deposited 30 million IDs ($18.56 million) into OKX at a price of $0.619 per SPACE ID (ID) token.

The move comes after the Space ID Foundation unlocked 18.48 million ID tokens worth $11.34 million. 12.65 million ($7.76 million) of unlocked altcoins were sent to the wallet with the short address 0x062 on the Ethereum network, and 5.83 million ($3.58 million) were sent to the address 0x9c2 on Binance Chain.

As of August 22, 2023, the 0x062 multisig wallet has received a total of 88.57 million IDs ($25.45 million) from seven launch events. Of these tokens, 47.65 million IDs were directly deposited into OKX at an average price of $0.552 ($26.29 million).

On the other hand, the 0x9c2 wallet on Binance Chain continues to hold the 40.83 million ID tokens ($25.36 million) received so far without selling them.

On the other hand, another whale with short address 0xe60 withdrew 161,479 WLD ($1.19 million) from OKX and paid an average price of $7.34 per purchased WLD. Surprisingly, the whale withdrew a total of WLD 370,477 ($2.08 million) from OKX between February 16 and 22, 2024, at an average price of $5,608.

Currently, the 0xe60 whale continues to hold all the WLD tokens he withdrew and his estimated profit is now $997,183 (+48%). This situation emerged after the WLD price recorded a significant increase of 25.8% in the last day.

*This is not investment advice.

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