Large Transfer of YGG Tokens

02/19/2023 23:52 • Digital Disruptors • 158 views

It is reported that according to the Twitter user’s Bit ember monitoring, 15 minutes ago, 0x927b024a75a4f286f63cc38db3fc0d6f2c45feb0 multi-signature address transferred $3.13 million YGG ($1.16 million) to Coin. The address at the beginning of 0x927b received 2.63 million unlocked YGG from the YGG unlock contract this morning.

0x927b The beginning address transfers 3.13 million YGGs (worth about 1.16 million US dollars) to Coin An

Analysis based on this information:

According to a Twitter user’s Bit ember monitoring, a multi-signature address, 0x927b024a75a4f286f63cc38db3fc0d6f2c45feb0, has recently transferred $3.13 million worth of YGG tokens to Coin. This transfer happened approximately 15 minutes before the report was made.

This news may indicate that there are significant movements happening in the YGG network. Furthermore, considering the fact that the transfer was made to Coin, a platform that supports trading and liquidity provision, there are chances that this transaction may affect YGG’s market value.

In addition, the address at the beginning of 0x927b received 2.63 million unlocked YGG tokens from the YGG unlock contract earlier that day. This may have prompted the owner to move these tokens and sell them on Coin or use them for another purpose. By unlocking these tokens, their value may have increased, leading to the significant transfer.

Multi-signature addresses, unlike regular addresses, require approval from multiple parties before a transaction can take place. This means that there is likely more than one party involved in this transfer. It is possible that these parties are either conducting a significant trade or moving tokens for some other reason.

In conclusion, the transfer of $3.13 million worth of YGG tokens from a multi-signature address to Coin may have significant implications for the YGG network. It may lead to changes in YGG’s market value or indicate that there are significant movements happening in the YGG network. The fact that the address in question had previously received a large number of unlocked tokens from the YGG unlock contract suggests that this transfer may be significant. Without more information on the parties involved, the reason for this transfer remains unclear.

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Large Transfer of YGG Tokens

0x927b The beginning address transfers 3.13 million YGGs (worth about 1.16 million US dollars) to Coin An

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