Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply

2022.08.31 10:01

Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply

For nearly a year now, a mysterious Axie Infinity wallet has been quietly amassing billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry’s most popular play-to-earn (P2E) crypto games.

Today, the anonymous whale wallet now holds a little over 22 billion SLP — more than 50% the total circulating supply of the token.

Should we be worried?

Who owns it?

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