KOL@Bit Reports Significant Transfer of AXS from Maker to Coinbase via 0x3356
It is reported that Twitter encryption KOL@Bit According to the ember monitoring data, a multi-signature address marked as Maker by Nansen received 263000 unlocked AXS from the Ronin bridge of AXS five days ago (worth about 2.18 million US dollars). After the market rose last night, the address transferred AXS to # Coinbase via 0x3356.
MKR transferred 263000 AXS to Coinbase last night
Analysis based on this information:
According to KOL@Bit, an underground Twitter encryption account, a multi-signature address marked as Maker by Nansen, a blockchain analytics and tracking platform, received 263,000 unlocked AXS from the Ronin bridge of AXS five days ago, which was worth around 2.18 million US dollars. This news has sent ripples across the cryptocurrency world, as the transfer is significant and involves a large amount of money.
The AXS is a native token of the Axie Infinity ecosystem, which has been increasingly gaining popularity among crypto enthusiasts. It is a blockchain-based game that allows players to own and trade digital pets and lands. The AXS is an integral part of the game’s economy, as it is used to breed new pets, purchase lands, and participate in governance decisions.
The transfer was made to a multi-signature address marked as Maker, which indicates that it is a smart contract designed to hold and manage digital assets. The Maker protocol is a decentralized lending platform built on Ethereum and enables users to borrow DAI, a stablecoin pegged to the US dollar, using ETH as collateral. It is unclear why Maker received the AXS or what it plans to do with it.
However, after the market rose significantly last night, the Maker address transferred the AXS to Coinbase, one of the most popular cryptocurrency exchanges in the world, via 0x3356. This suggests that the transfer was made to liquidate the AXS and convert it into fiat money, such as USD or EUR.
The transfer raises questions about the state of the AXS market and its future performance. While the market has been experiencing a significant surge in value, the sudden transfer of such a large amount of AXS to Coinbase could potentially cause a dip in the price or signal a change in interest from institutional investors.
In conclusion, the transfer of AXS from Maker to Coinbase via 0x3356 is a significant event in the crypto world, as it involves a large amount of money and raises questions about the state of the AXS market. It remains to be seen what Maker plans to do with the AXS, and how its transfer will impact the value of the token.
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