Major Token Sale Detected from Project-Linked Wallet
Recent on-chain activity has revealed a significant token disposal event involving a wallet historically tied to the Floki ecosystem. Approximately 27.4 billion FLOKI tokens were swapped for 340.61 ETH—valued at around $1.35 million—at current market rates. The transaction occurred within a narrow time window, indicating a deliberate liquidity move.
Tracing the Fund Movement
The origin of these tokens traces back to the project’s initial deployment contract. Records show the assets were first allocated to an address (0xa57…99c19) three years ago. They were later routed through a secondary intermediary (0x64c…95527) before reaching the final selling wallet (0xf12…3739B), suggesting a structured transfer strategy.
Market Sentiment and Implications
While the broader market has remained relatively stable post-transaction, the sale has sparked discussions within the community. Some investors view this as a potential signal of early stakeholders reducing exposure. With vesting schedules expiring, additional supply could enter circulation in the coming weeks.
- Value Sold: ~$1.35 million
- Received: 340.61 ETH
- Transaction Time: 1 hour ago
- Source: Early project distribution
No official statement has been released, but increased on-chain transparency is pushing users to scrutinize tokenomics more closely.