BlockBeats News, September 16th, On-chain data analytics firm Bubblemaps posted on social media that it detected a single entity profiting $4 million from the AVNT airdrop. This apparent whale manipulation was coordinated and dispersed across over 300 addresses, showing clear whale characteristics including:
· Obtaining initial funds via Coinbase
· Receiving USDC from a few senders
· Executing trades on Avantis
· Claiming airdrop rewards
· Consolidating tokens to a few addresses
· Simultaneously moving funds to centralized exchanges like Bybit/Gate
Bubblemaps stated that similar to the MYX incident, these wallets were dormant prior to the AVNT airdrop, with a highly coordinated funding injection and claiming pattern, indicating evident collusion.
