YZi Labs Transfers 87.5 Million Radiant Tokens to Binance, On-Chain Analyst Says

According to on-chain analyst Ember, YZi Labs moved 87.5 million RDNT worth about $470,000 to Binance ahead of Radiant’s planned delisting on April 1 after receiving the tokens through vesting over two years.

Summary

According to on-chain analyst Ember, YZi Labs transferred 87.5 million RDNT tokens to Binance, with the holdings valued at about $470,000 at the time of the move. The tokens were received through vesting over the past two years as part of YZi Labs’ position as a Radiant investor, and Ember said they were worth about $3.86 million when unlocked. The update also states that RDNT is scheduled to be delisted on April 1, adding a new development to the token transfer report.

Terms & Concepts
  • RDNT: The native token of Radiant, a crypto project whose tokens can be transferred, held, or traded on exchanges.
  • vesting: A process in which tokens are released gradually over time to investors, contributors, or other stakeholders under a preset schedule.
  • on-chain analyst: A researcher who monitors blockchain wallet activity and token transfers using publicly available ledger data.