OX FUN: Treasury minted 5.593 billion OX Tokens, total rise 131%.
Gate.io News bot message, according to Etherscan data, OX FUN: Treasury minted 5.593 billion OX Tokens 3 days ago, worth approximately $11.2 million. This minting increased the total supply of OX Tokens by 131% from its original level, reaching 9.857 billion.
The data shows that this batch of newly minted Tokens is currently still stored in OX FUN: Treasury and has not been released into the market for circulation. The price of OX remains at its original level.
The OX FUN project was founded by Su Zhu, a former founder of Three Arrows Capital (3AC). As for this token minting event, the OX FUN official has not released any statement yet. Source: @oliversgriff.