Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Analysis: RVV stakeholders maliciously sold at least $9.09 million, and the project's multi-sig has transferred 800 million tokens

Analysis: RVV stakeholders maliciously sold at least $9.09 million, and the project's multi-sig has transferred 800 million tokens

Cointime2025/10/19 05:15
By: Cointime
RVV+17.07%

according to on-chain analyst Ai Yi (@ai_9684xtpa), Alpha token RVV plummeted, with the project side stating that a third-party management account was stolen. On-chain data shows that related stakeholders maliciously sold at least $9.09 million, with the following timeline:

Binance Alpha went online with RVV at 9:00 PM last night and with contracts at 9:30 PM;

22 hours ago, the project side transferred 800 million tokens to 8 multi-signature addresses;

12 hours ago, the multi-signature address that received the tokens started abnormally distributing tokens to dozens of new addresses, and then began selling in batches and maliciously smashing the market;

Two main manipulation addresses made profits exceeding $6.18 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Bitcoin Hits Most Oversold Level Against Gold in Years
2
Crypto Venture Capital Faces Life-or-Death Test in 2025

Crypto prices

More
Bitcoin
Bitcoin
BTC
$108,813.95
+1.57%
Ethereum
Ethereum
ETH
$3,995.3
+2.69%
Tether USDt
Tether USDt
USDT
$1
+0.00%
BNB
BNB
BNB
$1,116.37
+2.04%
XRP
XRP
XRP
$2.4
+1.44%
Solana
Solana
SOL
$189.38
+1.25%
USDC
USDC
USDC
$1
+0.02%
TRON
TRON
TRX
$0.3204
+2.25%
Dogecoin
Dogecoin
DOGE
$0.1965
+3.81%
Cardano
Cardano
ADA
$0.6574
+3.58%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter