On September 24, Spot On Chain reported that Cream Finance disbursed 241,415 CREAM tokens, valued at $4.27 million, to 19 totally different addresses over the previous 10 hours. Notably, distinguished determine Huang Licheng (generally known as Machi Huge Brother) obtained the lion’s share, acquiring 215,236 CREAM tokens price $3.8 million, and subsequently staked them.
Supply: Spot On Chain
Aside from Huang’s involvement, 13 different addresses have offered 5,409 CREAM tokens, valued at $99,200, by way of varied platforms similar to Binance, Gate, or decentralized exchanges (DEX).
CREAM value chart. Supply: TradingView
The Enhance Does Not Counsel the Potential for Sustainable Development
Cream Finance, a part of the increasing decentralized monetary ecosystem, is positioned as an open-source, permissionless, and blockchain-agnostic protocol. It goals to offer entry to monetary companies for establishments, people, and different protocols.
Nonetheless, warning is suggested, as short-term value fluctuations might not signify sustainable progress. Moreover, Huang Licheng lately withdrew from a lawsuit involving on-chain detective ZachXBT, which delivered to gentle allegations of embezzlement associated to Huang’s earlier involvement in crypto initiatives. Huang has vehemently denied these accusations.
As Cream Finance continues to make waves within the crypto house, buyers are suggested to train prudence in response to unstable value actions and ongoing controversies surrounding key figures like Huang Licheng.
DISCLAIMER: The knowledge on this web site is offered as normal market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
