Arkham Intelligence, a blockchain analysis firm, confirmed via a tweet that the wallet address “0x4Ab8…1323” is not associated with the prominent trader known as GiganticRebirth (GCR). This clarification comes amidst ongoing speculation about the trader’s activities.
In earlier developments, another wallet tagged “GCR: Address 1” reportedly holds 936,279 TRUMP tokens, valued at $7.23 million. Despite the substantial value, this wallet has not sold its holdings, resulting in a significant profit of over $6.5 million.
Recent Transactions
A wallet suspected to belong to GCR made a notable transaction by depositing all 1.08 million TRUMP tokens, valued at $8.85 million, into the BTSE Exchange seven hours prior to the tweet. This transaction yielded a profit of approximately $8.3 million for the wallet owner.
The suspected GCR wallet initially acquired the 1.08 million TRUMP tokens by spending 540,700 USDT. Between November 22 and December 4, 2023, the purchases were made at an average price of $0.5 per token. The confirmation from ArkhamIntel sheds light on the true ownership of the wallet “0x4Ab8…1323”, distancing it from GCR. Meanwhile, GCR’s trading manoeuvres continue to generate significant interest and speculation within the cryptocurrency community.
