To say a bit more, there is a difference between facts and speculation.
The first fact is that 0x265a has engaged in large-scale sell-offs through the v3/v4 pools, becoming a direct trigger for the collapse of zkj and koge.
The second fact is that 0x265a is one of the five signers of the 48 Club multi-signature wallet, but I checked, and aside from 0x265a, the other four signing addresses have not engaged in any sell-off activities. Among them, two addresses actively repurchased KOGE after the collapse, one added 6m USDT as unilateral liquidity (someone on X said it was the Blue Old Man's address, unverified), and the other address continuously bought in with 5000U using TWAP.
Is there a traitor?
Just stating a few facts
1/ The address 0xb265a4b2136f2c5343cbe8dce74dbdcd8786ae1e received $15 million in $KOGE from the 48CLub address on June 10 and added all of it as unilateral liquidity.
2/ Between June 10 and June 16, this address interacted with LP multiple times, accompanied by several USDT withdrawals.
3/ The current USDT balance of this address is $12.61 million, sourced from four withdrawals from LP, which were passively sold for USDT by adding unilateral liquidity and withdrawn to the wallet.
0
402
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.