According to Wu, it was learned from the Suiscan browser that a suspected address associated with the Momentum team: 0xe7cd…7a88a4 transferred 38 million MMT to Binance on November 5 at 16:00 UTC+8, worth approximately 45.6 million USD at that time. The MMT from the address: 0xe7cd…7a88a4 comes from the current second largest holder address: 0x1b4d2…7355c8 (holding a total of 18.57%). It is worth noting that the second largest holder address: 0x1b4d2…7355c8 transferred a total of 89.476 million MMT to 12 addresses externally from November 4 at 18:41 to the next day at 0:12 UTC+8, after which these addresses made multiple distributions, with some flowing into CEX. MMT was launched on Binance at $0.1 on the evening of the 4th at 20:00 UTC+8, and surged to over $4.4 within the subsequent 12 hours (some platforms even exceeded $10), before significantly dropping back, now down to $0.66.
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