21Shares Chainlink ETP Dispatches $12.2 Million in LINK to Anonymous Address

IconCryptoNewsTerminal Staff02 Aug, 2024

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21Shares Chainlink ETP Dispatches $12.2 Million in LINK to Anonymous Address

On-chain data analytics provider Scopescan discovered that 21Shares' Chainlink ETP address moved 987k LINK ($12.2 million) to a new, anonymous address. Simultaneously, 21Shares' Fantom ETP address transferred 16.7 million FTM ($6.5 million) to a new, anonymous address. The purpose of these transfers remains unclear, sparking speculation within the crypto community. Some observers suggest that 21Shares may be preparing for a major announcement or strategic move, while others speculate about the possibility of a security breach. 21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), has yet to issue an official statement regarding these transfers. The company's silence has further fueled speculation and uncertainty among investors. As the situation continues to unfold, market participants are closely monitoring further developments from 21Shares. The company's next steps and any subsequent announcements will likely shed light on the reasons behind these substantial fund movements.

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