Arkham accuses competitors of spreading ‘false rumours’ amid token sale
Blockchain analytics firm Arkham has accused its colleagues of “spreading false rumours” to create fear, uncertainty and doubt (FUD) after questions were raised about the company's transfer of its native ARKM tokens.
Although Arkham did not name the challenged competitors, a post published a few days ago by blockchain analytics firm Nansen claimed that Arkham had “moved over 25.2m ARKM (>$56m) in the last 2 days” to unnamed wallet and cryptocurrency exchange Binance, “Let's see what happens until they show you.” “, Nansen wrote, saying that ARKM was sent to various Binance addresses that had no activity, as well as to a new wallet address.
Meanwhile, Arkham responded in a post on April 9 that ARKM's activities were “unlocked tokens based on published Tokinomics.” In its first transfer, it deployed 20 million ARKM to a new wallet address with an approved protocol proposal called “ARKM-secured Chainlink DON for Intel Verification; Add support for Solana; Establishment of Treasury Pool I; Apply bondy join. At the same time, Arkham announced that 5 million Arkham from its Ecosystem fund had been unlocked as Tokinomics.
When asked about the number of tokens in the wallet and the discrepancy with the number stated in the Tokinomics paper, Arkham explained that wallets are “working overtime” because they receive addresses from non-crypto investors and new hires. “There have been no early releases and all team and investor tokens remain fully locked and traceable using the top holders on the platform,” the company said.
At the time of publication, ARKM's fully diluted market cap is $2.047 billion. Despite an impressive run last year, in part due to rumors about the company's use of artificial intelligence in blockchain analytics, ARKM has lost nearly 40% of its value in the past month. The company received an undisclosed investment amount from Binance Labs last November.
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