A multi-million dollar transaction made by the Render Network (RNDR) team in the past hours has raised questions in the crypto community.
According to information provided by Token Unlocks, it was planned to unlock a total of 6.33 million dollars worth of approximately 761 thousand RNDR for Render Network on April 17th.
However, an analysis by Spot On Chain revealed that 2.5 million RNDR worth 20.8 million dollars were transferred from the Render Network wallet to a new wallet in the early hours of the day.
It was later uncovered that 1.65 million RNDR of this amount was deposited to the Binance exchange.
The Spot On Chain team highlighted the fact that a significantly larger amount of tokens was transferred compared to the expected unlock, prompting them to question the Render Network team about the “whereabouts of the remaining tokens.” There has been no statement from the RNDR team regarding this matter.
