Solayer Team Wallet Sends $3 Million in LAYER Tokens to Binance

Onchain Lens data reveals that the Solayer team reduced its holdings by transferring 18.32 million LAYER tokens, worth $3 million, to Binance.

Summary

On January 17, Onchain Lens reported that the Solayer team sent 18.32 million LAYER tokens, valued at approximately $3 million, to Binance. The wallet had originally received 34.88 million LAYER tokens worth $21.65 million and currently holds 16.56 million LAYER valued at $2.7 million.

Terms & Concepts
  • LAYER: A cryptocurrency token associated with the Solayer project.
  • Onchain Lens: A blockchain analytics platform that tracks and reports on cryptocurrency transactions.
  • Binance: A global cryptocurrency exchange known for trading a wide variety of digital assets.