A wallet allegedly belonging to the Astra Nova team transferred approximately $430,000 worth of RVV Token to the Gate and Kucoin exchanges between last night and early this morning, December 18th, according to data from onchainschool.pro.
This isn't the first time this wallet has listed RVV on an exchange; similar activity was recorded for over a month, raising concerns about the potential supply of tradable RVV.
- A wallet allegedly belonging to Astra Nova transferred $430,000 worth of RVV to Gate and Kucoin.
- Over the past month, a total of approximately $1.5 million in RVV has been deposited onto the exchange.
- The wallet currently holds approximately $22.8 million in RVV.
RVV's capital flow to the stock exchange: latest developments.
Overnight and into the early morning of December 18th, a wallet allegedly belonging to the Astra Nova team transferred approximately $430,000 worth of RVV to Gate and Kucoin.
Data recorded from onchainschool.pro shows that RVV is being sent directly to centralized exchanges, rather than being held in individual wallets. Transfers to exchanges are often closely monitored by the market as they may be related to liquidation needs or preparation for trading activity.
The information also indicates that this wallet has been making similar cryptocurrency transfers over a long period, rather than just a single instance. This repetition over time suggests that the latest transaction could be seen as a continuation of a pattern of transferring RVV to an exchange.
Monthly transfer volume and remaining RVV amount
Over the course of more than a month, a total of approximately $1.5 million in RVV was transferred from this wallet to exchanges; the wallet currently holds around $22.8 million in RVV.
Compared to the remaining balance of $22.8 million, the amount transferred to the exchange is approximately $1.5 million, reflecting that the wallet still holds the majority of RVV, despite a chain of transactions listing the Token on exchanges. The most recent transfer alone was approximately $430,000.
With transfers being recorded continuously, investors often monitor further signs such as the repetition of transfer patterns, which exchanges are the destinations, and whether further RVV deposits occur afterward.
