On-chain analyst Ember monitors that the 3AC liquidator Teneo address (0x0be) transferred 135,000 AVAX (approximately $7.87 million) to Binance an hour ago.
The 3AC wallet transferred 1.369 million AVAX to the Teneo address (0x0be) of the institution responsible for 3AC liquidation on May 10, 2023. At that time, the price of AVAX was $15.3. AVAX prices also surged as the market entered a bull run late last year. Teneo began transferring AVAX on January 25 this year, and has so far transferred a total of 1.08 million AVAX (worth approximately US$45.73 million) at an average price of US$42.35:
1. 675,000 AVAX transferred to Binance;
2. 405,000 AVAX transferred to B2C2.
Currently, the Teneo address (0x0be) still holds 289,000 AVAX (worth approximately US$16.77 million).