Lookonchain: TRU's largest holder BlockTower Capital sold 3.33 million TRU 6 hours ago

2023-02-17 13:56:13

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According to ChainCatcher news and monitoring analysis from the on-chain data platform @Lookonchain, the largest holder of TRU, BlockTower Capital, transferred 22 million TRU (worth $2.4 million) to Coinbase 6 hours ago and sold 3.33 million TRU through DEX at an average price of $0.086. Subsequently, the price of TRU dropped by approximately 32%.

It is reported that BlockTower Capital is an investor in TrueFi and claimed 12.5 million TRU on September 4, 2020. BlockTower sold 3.1 million TRU for 677 ETH in November 2020 and February 2021, with an average selling price of $0.254. Then, from May 25 to June 4, 2021, they bought 8.3 million TRU for 1,129 ETH, with an average purchase price of $0.377.

On August 12 and September 20, 2021, 13.9 million TRU were transferred to Coinbase, with an average transfer price of $0.587. After the collapse of Alameda/FTX, BlockTower began to buy TRU on dips through Coinbase and sell TRU when prices were high. Each time BlockTower sold TRU, the price of TRU generally dropped significantly. (source link)

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TRU BlockTower Coinbase

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