Sigil Fund CIO Transfers 6.54 Million BIO to Binance, Achieving 18x Return

On January 3rd, COINOTAG reported significant movements in the cryptocurrency market, as per EmberCN’s tracking. An address identified by Arkham, associated with Sigil Fund CIO Fiskantes and linked to the wallet xinanko.eth, executed a substantial transfer of 6.54 million BIO tokens, valued at approximately $4.77 million, to Binance just two hours prior. This transaction is particularly noteworthy as it involves BIO tokens acquired via a public offering at an average cost of around $0.04. Presently, BIO is trading impressively at $0.74, which highlights a remarkable increase of nearly 18 times the initial investment, equating to a profit of about $4.5 million. Such high returns underscore the volatility and potential profitability within the cryptocurrency sector.