In a noteworthy development, a significant amount of tokens were deposited from the Floki (FLOKI) Multisig wallet to the cryptocurrency exchange Binance.
The transaction was initiated by the short wallet address 0xFe5 and 16.5 billion FLOKI tokens, corresponding to 644 thousand dollars, were transferred to Binance. The price of the token was $0.00003886 at the time of the transaction, which took place approximately five hours ago. At the time of writing this article, FLOKI is trading at $0.00003597.
Interestingly, address 0xFe5 had received these FLOKI tokens from Floki Multisig just one day before the deposit. Since October 12, over a 16-day period, the address has received a total of 46.4 billion FLOKI tokens from Floki Multisig. The value of these tokens was $1.05 million at the time of acquisition. Upon receipt, all tokens were immediately deposited to Binance.
However, after the tokens deposited by address 0xFe5, there was a slight decrease in price. The value of FLOKI decreased by 5%, from $0.00003915 to $0.000037. It is currently trading at $0.00003575.
FLOKI has increased significantly this week due to the new updates it has made in recent days and the launch of a new token. The price of the token, which was $0.00002375 at the beginning of the week, has increased by 52% in the last week.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/this-altcoins-developer-multisig-wallets-transfer-tokens-for-sale-to-binance/