Aztec Network Completes Public Sale ETH Liquidation, Transfers Over 15,000 ETH to Coinbase in Total
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Summary
BroadChain learned that at 11:16 on April 18, according to TechFlow, on April 18, the Ethereum privacy L2 project Aztec Network transferred its final batch of 5,020 ETH (approximately $12.33 million) to Coinbase. With this, the 19,388.4 ETH (approximately $59.13 million) it raised from its public sale auction last December has been fully liquidated. The project raised funds at that time by auctioning 15% of its AZTEC tokens (1.5 billion tokens) at a public sale price of $0.0473, which has fallen by approximately 50% compared to the current price. At the Token Generation Event (TGE), the project team had withdrawn 4,234.6 ETH.
According to BroadChain, at 11:16 on April 18, as reported by TechFlow, on April 18, the Ethereum privacy L2 project Aztec Network transferred its final batch of 5,020 ETH (approximately $12.33 million) to Coinbase. With this, the 19,388.4 ETH (approximately $59.13 million) raised through its public auction last December has been fully liquidated. The project raised funds by auctioning 15% of its AZTEC tokens (1.5 billion tokens) at a public offering price of $0.0473, which has since declined by approximately 50% compared to the current price. At the Token Generation Event (TGE), the project team withdrew 4,234.6 ETH to establish a liquidity pool, while the remaining 15,154 ETH were transferred to Coinbase in batches over the past three months.