Rollbit Hot Wallet Sends $1.01M To Unknown Address To Buy UNIBOT And BITCOIN

Key Points:

• A new address received $1.01M from Rollbit Hot Wallet and has been actively buying UNIBOT and BITCOIN.
• The owner spent $441K to buy 2,526 UNIBOT at $174 and $523K to buy 4.3 million BITCOIN of The Harry Potter Obama Sonic 10 Inu project.

A new address that was recently created received a massive $1.01M from Rollbit Hot Wallet and has since been actively buying UNIBOT and BITCOIN.

The new address that was created yesterday has received 550 ETH (equivalent to $1.01M) from Rollbit Hot Wallet and has since been buying UNIBOT and BITCOIN.

The owner has spent 238 ETH (equivalent to $441K based on the ETH price at the time of this writing) to buy 2,526 UNIBOT at $174 and 282 ETH (equivalent to $523K) to buy 4.3 million BITCOIN of The Harry Potter Obama Sonic 10 Inu (ticker: BITCOIN) project at $0.1216. It is unclear at this time who the owner of the address is or what their intentions are for these purchases.

For those unaware, Unibot is a Telegram bot that allows users to trade crypto tokens on Uniswap v3 directly from the Telegram messaging app. Developed by Diamond Protocol, a DeFi protocol focused on modeling on-chain structured products, Unibot is a Leveraged Liquidity Provision (LLP) platform that enhances liquidity management and gives users trading flexibility.

On June 12, 2023, UNIBOT token was migrated from the deprecated V1 token contract to the V2 token contract. Users had several days to migrate their tokens voluntarily.

The UNIBOT Token plays a major role in Uniswap v3 by offering faster transaction speeds, yield farming rewards, governance rights, and reduced gas fees to its holders. The token also has an automatic burn rate of 0.1% to drive up its value over time.

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