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Two New Wallets Withdraw 280.75 Million Lobster Tokens From Exchanges

The withdrawals represented 28.08% of Lobster’s total supply and were valued at about $12.21 million.

Two lobster-shaped metal tokens beside a sealed exchange vault tray / TokenPost.ai
Two lobster-shaped metal tokens beside a sealed exchange vault tray / TokenPost.ai

Two newly created wallets withdrew 280.75 million Lobster tokens from exchanges over three days, an amount equal to 28.08% of the token’s total supply.

The withdrawals involved wallet addresses 0x4d28 and 0x5a42. The tokens were valued at about $12.21 million.

The transfers were completed during the three days leading up to Oct. 10. The scale of the withdrawals places a substantial portion of Lobster’s total supply in the two new wallet addresses.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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