The suspected Momentum team address transferred 38 million MMT to Binance, and after the token was listed, it rose to 4.4 USD and has now fallen to 0.66 USD.
According to Wu, it was learned from the Suiscan browser that a suspected address associated with the Momentum team: 0xe7cd…7a88a4 transferred 38 million MMT to Binance on November 5 at 16:00 UTC+8, worth approximately 45.6 million USD at that time. The MMT from the address: 0xe7cd…7a88a4 comes from the current second largest holder address: 0x1b4d2…7355c8 (holding a total of 18.57%). It is worth noting that the second largest holder address: 0x1b4d2…7355c8 transferred a total of 89.476 million MMT to 12 addresses externally from November 4 at 18:41 to the next day at 0:12 UTC+8, after which these addresses made multiple distributions, with some flowing into CEX. MMT was launched on Binance at $0.1 on the evening of the 4th at 20:00 UTC+8, and surged to over $4.4 within the subsequent 12 hours (some platforms even exceeded $10), before significantly dropping back, now down to $0.66.
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The suspected Momentum team address transferred 38 million MMT to Binance, and after the token was listed, it rose to 4.4 USD and has now fallen to 0.66 USD.
According to Wu, it was learned from the Suiscan browser that a suspected address associated with the Momentum team: 0xe7cd…7a88a4 transferred 38 million MMT to Binance on November 5 at 16:00 UTC+8, worth approximately 45.6 million USD at that time. The MMT from the address: 0xe7cd…7a88a4 comes from the current second largest holder address: 0x1b4d2…7355c8 (holding a total of 18.57%). It is worth noting that the second largest holder address: 0x1b4d2…7355c8 transferred a total of 89.476 million MMT to 12 addresses externally from November 4 at 18:41 to the next day at 0:12 UTC+8, after which these addresses made multiple distributions, with some flowing into CEX. MMT was launched on Binance at $0.1 on the evening of the 4th at 20:00 UTC+8, and surged to over $4.4 within the subsequent 12 hours (some platforms even exceeded $10), before significantly dropping back, now down to $0.66.