Did 53.54% of RVV move? Verified data says no
A viral claim states the Astra project address moved 5.354 billion RVV in four days, equal to 53.54% of supply. Verifiable on-chain evidence does not support that figure.
According to EmberCN, about 860 million RVV (≈8.6% of supply) exited the minting contract and were sold for roughly 10.288 million USDT, with 8.226 million sent to exchanges and 2.041 million retained on-chain.
Based on data from Followin.io, a multi-signature wallet moved 800 million RVV into eight multi-sig wallets pre-listing. Those wallets distributed to new addresses that sold in batches, raising about $9.09 million, with at least $6.18 million consolidated by two addresses.
Why this claim matters for Astra Nova and holders
Inflated figures can misstate treasury exposure, unlock dynamics, and market integrity, creating unnecessary panic. Accurate measurements anchor risk assessments and align with compliance-focused, evidence-led reporting.
As reported by The Block, astra nova attributed the sales to a compromised third-party market maker account and pledged to buy back the affected tokens while offering a 10% bounty contingent on full return.
Astra Nova said, “a third-party market maker account was compromised.”
According to Blockchain.news, sellers converted RVV to USDT and routed sizable portions to centralized exchanges, including Gate and KuCoin, while leaving residual balances in a monitored wallet.
Price action reflected stress. As reported by the same outlet, RVV experienced a sharp decline following the concentrated on-chain sales and exchange deposits.
Concentration of sell pressure from newly funded addresses and rapid routing to exchanges are consistent with short-term liquidity shocks. These signals typically precede increased volatility and wider bid-ask spreads.
How to verify RVV transfers and flows yourself
Analyst-cited wallets, contracts, and transfer paths
Start at the RVV token’s minting contract and recent transfers. Map movements from multi-signature senders to newly created wallets, then trace batch sales and stablecoin conversions over the same time window.
Check for clustering patterns across recipient wallets and time-bound bursts. Cross-reference the amounts and paths summarized above to reconcile totals near the 800–860 million RVV range.
CEX routing noted: Gate and KuCoin deposits
Follow the USDT legs after swap events and identify exchange deposit tags. Verification should focus on routes to Gate and KuCoin that appear in the transaction paths described earlier.
FAQ about RVV token
How much RVV was actually transferred and from which wallets or contracts?
Approximately 800–860 million RVV, from a minting contract outflow and a multi-signature cluster, not 5.354 billion.
What evidence supports the claim that a market maker account was compromised?
Astra Nova’s public statement and a buyback plus 10% bounty offer, contingent on full return, were reported by a major industry publication.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/rvv-token-steady-as-on-chain-data-disputes-5-354b-claim/
