source avatarhungbeck89

Share

A controversial transaction is sparking debate within the BNB Chain community. On-chain data shows that a former employee of @BNBCHAIN deployed the token $ASTEROID, then used four newly created wallets to purchase 79.67% of the total supply for just around $10,000. Shortly after, these tokens were sold, yielding 1,103 BNB (~$638,000) and generating a profit of approximately $628,000. Although this was the action of a former employee, the incident once again highlights why monitoring on-chain data and token distribution is crucial before investing. In crypto, large profits often come with risks that aren’t always apparent at first glance. #BNBChain #Crypto #Onchain #ASTEROID

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.