TANSSI Team Mints 45 Million Tokens Worth $700,000

Arkham data shows TANSSI’s latest mint builds on a prior 23 million token creation, with earlier batches partially moved to exchanges, raising market activity concerns.

Summary

According to blockchain analytics firm Arkham, a suspected TANSSI team address minted 45 million tokens worth roughly $700,000 in multiple transactions about 18 hours ago. This comes just three weeks after a previous mint of 23 million tokens, part of which were subsequently sent to cryptocurrency exchanges.

Terms & Concepts
  • Token Minting: The creation of new cryptocurrency tokens, typically recorded on a blockchain.
  • Arkham: A blockchain analytics platform that tracks and reports on cryptocurrency transactions.