Multisig wallet sends 2.499M EVAA to 10 addresses, equal to 37.8% of circulating supply

Odaily Planet Daily cited Arkham data showing that a multisignature wallet (0x946) distributed a total of 2.499 million EVAA to 10 addresses within the past 10 minutes. The activity included five transfers of 250,000 EVAA each about one minute ago, along with another five transfers totaling 1.249 million EVAA roughly nine minutes ago. CoinMarketCap data puts EVAA's current circulating supply at 6.61 million, indicating the distribution represents about 37.8% of circulating tokens. Some of the recipient addresses have previously moved tokens to centralized exchanges or sold them via DEXs.