- He is the largest coin holder
- Now they need to be returned to the Evmos Foundation
The Evmos team recently commented on Twitter on the situation with the sale of EVMOS tokens. It turned out that the co-founder of the project, Ashish Khosla, wanted to sell a significant amount of coins after his departure.
“We are aware of a departed co-founder with a $34 million wallet who tried to sell 500 EVMOS on Osmosis” the team wrote.
According to the data received, the address refers to an investor wallet that has a four-year vesting period. As well as a cliff (block) period of 1 year.
The wallet currently has over 11.5 million delegated EVMOS tokens, making it the largest delegate on the network.
The other day, Khosla was trying to get rid of half a million EVMOS worth about $70,000 through a decentralized exchange in the Osmosis ecosystem.
“Co-founder contributions to our repositories are also publicly available on our GitHub. The transfer of tokens to the delegate was the result of operational inconsistencies and disagreements over liability and reliability. We are actively working with this person to return the tokens back to the Evmos Foundation. This is just one of the issues raised by the community that we want to actively address now and in the coming days as part of our roadmap.” the team said.
After Khosla left, the price of the ecosystem token more than halved, dropping from $0.3 to $0.14.