I was looking into Solstice float (95% held by team & insiders)
& came across a wallet that dumped $645K worth of
$SLX on-chain, causing the SLX token to crash
the wallet received 5M SLX from a team wallet two days ago:
HAqfsvUjpRsGxPKb43j78dQ8WgKDutnxKaLjy6fp42ya
the address bridged 3.5M SLX from Solana to BSC and has dumped 3.02M tokens so far (still holding the rest)
BSC address:
0x6d04698d42950cc1eb6abc26a9ec32521f5a3e77
it also sent 1.5M SLX on Solana to Gate & Bitget deposit addresses. at first i thought it might be for liquidity, but they may have dumped there as well
the same BSC address also received 700K OG (~$1.9M) bridged from OG Chain via LZ and deposited it to Binance 7 months ago
after checking activity on OG Lab Chain, the wallet appears to have previously transferred OG tokens to multiple exchanges (likely for market making), so i suspect the wallet belongs to their MM
@solsticefi