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Maker Receives Large Amount of AXS and Transfers to Coinbase

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It is reported that Twitter encryption KOL@Bit According to the ember monitoring data, a multi-signature address marked as Maker by Nansen received 263000 unloc

Maker Receives Large Amount of AXS and Transfers to Coinbase

It is reported that Twitter encryption KOL@Bit According to the ember monitoring data, a multi-signature address marked as Maker by Nansen received 263000 unlocked AXS from the Ronin bridge of AXS five days ago (worth about 2.18 million US dollars). After the market rose last night, the address transferred AXS to # Coinbase via 0x3356.

MKR transferred 263000 AXS to Coinbase last night

Analysis based on this information:


A recent report has surfaced stating that the Twitter encryption KOL, Bit, revealed ember monitoring data that shows that a multi-signature Maker address received 263,000 unlocked AXS tokens from the Ronin bridge of AXS five days ago. This amount is worth approximately 2.18 million USD. Following the market’s rise last night, the address then transferred the AXS tokens to Coinbase via 0x3356.

AXS is the governance token of the popular NFT-based game, Axie Infinity, and has seen a great surge in popularity and usage in recent months. The fact that a significant amount of AXS tokens was transferred to a well-known address has caught the attention of many in the cryptocurrency community.

The Maker address in question is marked as such by the blockchain analysis firm, Nansen. The transfer of such a large amount of AXS tokens to Coinbase indicates that the Maker address may have been looking to trade or sell their tokens. Coinbase is one of the most popular cryptocurrency exchanges and is favored by many traders and investors.

The timing of the transfer is interesting as well. It occurred after the market rose last night, suggesting that the Maker address was waiting for the best possible moment to sell their AXS tokens. This is a common tactic used by traders to maximize profits during times of market volatility.

Overall, the transfer of 263,000 AXS tokens to Coinbase from the Maker address is significant due to the popularity of Axie Infinity and the current hype surrounding NFTs and cryptocurrency gaming. Twitter encryption KOL, Bit, has brought attention to this transfer with their monitoring data, which could lead to further analysis and speculation within the cryptocurrency community.

In conclusion, the transfer of AXS tokens from the Maker address to Coinbase is an intriguing development that highlights the growing influence of NFTs and cryptocurrency gaming. The transfer also showcases the impact that market volatility has on traders and investors within the cryptocurrency space.

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