There has been a new development regarding the BALD token, which has taken an important place in the crypto agenda with its rise and fall in the past days. The anonymous crypto expert who developed the altcoin project moved a large amount of ETH to the Ethereum network.
Blockchain tracker Lookonchain has detected that the anonymous developer has transferred thousands of ETH from the Base network to Ethereum. Using a bridge for this process, the BALD developer enabled 7,000 Ethereums to pass between the networks. According to market data, these tokens are worth around $13 million.
The anonymous address transferred 2,100 ETH to the Kraken exchange following the transaction between the blockchain networks.
What is BALD Coin? Why did it crash?
BALD, which has made a name for itself with its rise in the stagnant altcoin market, is a cryptocurrency developed on the Base network of the Coinbase exchange. The altcoin, which became viral after the sharing of an investor who earned hundreds of thousands with 500 dollars on social media, increased by 4,000,000% and attracted everyone’s attention.
The cryptocurrency, launched by an unidentified developer, reached a market capitalization of $ 80 million in the process. BALD lost its popularity after a short time and made a rapid journey towards zero. Amateur investors who bought during the rise suffered.
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