On Aug. 19, Lookonchain said a newly created wallet received 9.3 million KTA and 2 billion GALA through a cross-chain bridge, then sold the tokens for 1,902 ETH. The transfers were valued at about $685,000 for KTA and about $3 million for GALA. HTX market data showed KTA briefly fell 37% and GALA dropped 15% after the large sale. The report did not say who controlled the wallet or where the tokens came from beyond the cross-chain transfer.
Lookonchain said on Aug. 19 that a newly created wallet received 9.3 million KTA, worth about $685,000, and 2 billion GALA, worth about $3 million, through a cross-chain bridge before selling the tokens.
The wallet then converted the holdings into 1,902 ETH, valued at about $3.64 million.
HTX market data showed KTA fell as much as 37%, while GALA dropped 15%.
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