block.one just sent 333,334 EOS from their "b1" account to newly created accounts & exchanges.
TL;DR CONCLUSION: Tens or hundreds of thousands of EOS went from block.one to Coinbase, Kraken & Binance through intermediary accounts.
All of the following transactions occurred on March 26, 2021:
B1 (333,334 EOS) -> pifweasjhgqa
pifweasjhgqa (180,300 EOS) -> e1k2m1ynpoof -> lbt4e2kqjxep
pifweasjhgqa -> Coinbase (31,651 EOS)
pifweasjhgqa -> Kraken (26,366 EOS)
pifweasjhgqa -> xglpwks4y.gm (63,336 EOS)
pifweasjhgqa -> xq3bcloi5tox -> ywdpeqri3zgc -> dgh2ahyi5tc2 (31,661 EOS)
- More EOS goes to exchanges than shown-- It's just obfuscated through intermediary accounts.
- EOS account "lbt4e2kqjxep", and the accounts that it sends funds to, have many large (6-figure) EOS transactions going to Binance, KuCoin and Coinbase. It appears this account is some kind of machine that gradually sells large volumes of EOS across many exchanges. And B1 sent funds that ended up in this account.
- Some of the funds were co-mingled with other accounts which already held EOS, which makes it more difficult to trace.
- Please double check this in case I made any errors.
- We don’t know exactly what B1 is doing. They’ve made no statement. Dan Larimer guesses that maybe it has something to do with liquidity on Bullish.
Where will these tokens move next? To exchanges like the rest? Why would they sell their EOS tokens when they have so much money already?
Also shared here in image format: https://twitter.com/COLINTCRYPTO/status/1375829137005350918
EOS & EOSIO Blockchains
Let's talk all things related to EOS and EOSIO-based blockchains! EOS runs on the EOSIO software platform. The EOSIO software was developed by Dan Larimer and the company block.one. EOSIO utilizes DPOS (Delegated Proof of Stake) for superior transaction throughput and features. Blockchains that are running EOSIO software include EOS, Telos, Worbli, EOSforce, WAX, BOS, etc.