{"id":12209,"date":"2024-04-02T15:10:29","date_gmt":"2024-04-02T12:10:29","guid":{"rendered":"https:\/\/forklog.com\/en\/significant-transfers-of-gmt-and-uni-by-binance-labs-and-coinbase-engineer\/"},"modified":"2024-04-02T15:10:29","modified_gmt":"2024-04-02T12:10:29","slug":"significant-transfers-of-gmt-and-uni-by-binance-labs-and-coinbase-engineer","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/significant-transfers-of-gmt-and-uni-by-binance-labs-and-coinbase-engineer\/","title":{"rendered":"Significant Transfers of GMT and UNI by Binance Labs and Coinbase Engineer"},"content":{"rendered":"<p>An address linked to the venture firm Binance Labs transferred 9.33 million tokens of the <span data-descr=\"Move-to-Earn \u2014 move and earn\" class=\"old_tooltip\">M2E<\/span> project STEPN (GMT), valued at $3.14 million, to a Binance deposit account.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Wallet 0x2e5 (likely <a href=\"https:\/\/twitter.com\/BinanceLabs?ref_src=twsrc%5Etfw\">@BinanceLabs<\/a>) deposited 9.33M <a href=\"https:\/\/twitter.com\/search?q=%24GMT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GMT<\/a> ($3.14M) to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> 9 hrs ago.<\/p>\n<p>Binance Labs, a strategic investor in <a href=\"https:\/\/twitter.com\/Stepnofficial?ref_src=twsrc%5Etfw\">@Stepnofficial<\/a>, has allegedly vested 37.1M <a href=\"https:\/\/twitter.com\/search?q=%24GMT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GMT<\/a> since Jul 2023 at ~$0.24 then deposited 28.1M <a href=\"https:\/\/twitter.com\/search?q=%24GMT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GMT<\/a> to Binance at ~$0.23.<\/p>\n<p>Now holds 9M <a href=\"https:\/\/twitter.com\/search?q=%24GMT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GMT<\/a> ($3.04M).\u2026 <a href=\"https:\/\/t.co\/palgEKVwCt\">pic.twitter.com\/palgEKVwCt<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1774970439204475197?ref_src=twsrc%5Etfw\">April 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analysts from Spot On Chain, the company&#8217;s <a href=\"https:\/\/platform.spotonchain.com\/en\/profile?address=0x2e5232d3fa5e5b04467fe3f09dec4d17a330e6c2\">wallet<\/a> still holds 9 million GMT worth $2.8 million.<\/p>\n<p>Binance Labs is a strategic investor in STEPN. Since July 2023, the firm has accumulated 37.1 million GMT at an average price of $0.24, subsequently transferring 28.1 million GMT to Binance at $0.23 per token.<\/p>\n<p>Amid the movement of coins and a general market correction, the STEPN token fell nearly 9% in a day\u2014from $0.34 to $0.31.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/fq-FezOLYiukPEEG8TMMtMbqIiEvyiYTptf-jjxqWxBFk_xbREeQEt0g537ID6OeCogV-FKvrfON18CKxD58l91bntPOBajdknjycrPMa8zPMIenFaLjcZqAjPl3DG-UaeNbDyJh2litr84rG32NbEM\" alt=\"Significant Transfers of GMT and UNI by Binance Labs and Coinbase Engineer\"\/><figcaption class=\"wp-element-caption\">15-minute GMT\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/GMTUSDT\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Journalist Colin Wu also identified suspicious movements of 1.6 million Uniswap (UNI) tokens, valued at $19.7 million, to a Coinbase Prime account. On-chain data suggests the transaction was made from an <a href=\"https:\/\/etherscan.io\/token\/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0x087256f28f0d9762b89d4549301df4b7e7b5cda3\">address<\/a> allegedly belonging to former senior software engineer at Coinbase, Max Blaushild.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today\u2019s address 0x08\u2026CDA3 transferred 1.6 million UNI ($19.7 million) to Coinbase Prime, and Arkham tagged Max Blaushild, a suspected former Coinbase senior software engineer. The UNI held by this address 0x08\u2026CDA3 was originally unlocked from the Uniswap treasury in September\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1774971465605259706?ref_src=twsrc%5Etfw\">April 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds sent were initially unlocked from the Uniswap treasury in September 2020.<\/p>\n<p>UNI prices dropped 9% over 24 hours, with the asset trading at $11.34 at the time of writing.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Yspli_62a1w11MIM2btwmD_kQ3Rwvmv07ds5aPWCre7J0h-yeYwpL8-pYRyRTnbp8XFOe6vzKjKscQgBDgF2gru4VSRi-9AfjJd6NdRDbujgv9kig_MLHzBkqUsulqJD_-wNoeuZij0ZCeMHuS0jeAI\" alt=\"Significant Transfers of GMT and UNI by Binance Labs and Coinbase Engineer\"\/><figcaption class=\"wp-element-caption\">15-minute UNI\/USDT chart on Coinbase. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/UNIUSD\/?exchange=COINBASE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In late March, a dormant wallet, inactive for about 12 years, <a href=\"https:\/\/forklog.com\/en\/news\/dormant-bitcoin-address-awakens-after-12-years-moves-35-million\">moved<\/a> all its 500 BTC, worth nearly $35 million, to several new addresses.<\/p>\n<p>In January, analysts at CryptoQuant <a href=\"https:\/\/forklog.com\/en\/news\/dormant-bitcoin-worth-2-1-billion-moves-after-five-years\">noted<\/a> the movement of 49,866 BTC that had been &#8220;asleep&#8221; for more than five years. However, the coins were not sent to an exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An address linked to the venture firm Binance Labs transferred 9.33 million tokens of the M2E project STEPN (GMT), valued at $3.14 million, to a Binance deposit account. Wallet 0x2e5 (likely @BinanceLabs) deposited 9.33M $GMT ($3.14M) to #Binance 9 hrs ago. Binance Labs, a strategic investor in @Stepnofficial, has allegedly vested 37.1M $GMT since Jul [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1227,1475,1391],"class_list":["post-12209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-cryptocurrency-transactions","tag-stepn","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12209"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12208"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}