Mystery Axie Infinity Whale With 22 Billion SLP Has been Identified

Paigambar Mohan Raj
Source: Filmbilder & Friends, Youtube

Recently a mysterious Axie Infinity whale wallet was found, holding 22 million SLP (Smooth Love Potion) tokens. The wallet concerned many gamers as it could wreak havoc in the game. Moreover, the whale could keep prices flat when they should be rising.

Nonetheless, the mystery whale wallet holder has been found, and it is none other than Binance. Users can transfer assets from the game to the exchange and vice versa, thanks to Binance’s numerous bridges to the Axie Infinity ecosystem. The company has a long-standing relationship with Axie. The exchange had aided the project in the past by offering a bridge for players to withdraw money from the game when the Ronin Bridge was exploited for $600 million in March.

Aleksander Larson, co-founder and COO at Sky Mavis, the company behind the game, had said that the wallet did not belong to Sky Mavis nor Axie. However, Jeff Zirlin, the co-founder of Axie Infinity, confirmed that the whale wallet is a Binance Ronin gateway contract.

Axie Infinity player Michael Benko raised his worries to CoinTelegraph because of the whale’s quick collection of the significant number of SLP. However, Benko’s worries rested after the whale’s identity was revealed. Before alerting the media about the wallet, Benko highlighted on a Twitter thread that he had unsuccessfully sought an explanation from Sky Mavis and others.

Benko stated,

“There were some pretty aggressive key opinion leaders […] who went after me on Twitter today, but I’m really proud of my initial story […]. I also think having Sky Mavis officially comment to explain to the community what this wallet is, is valuable. Now they have.”

What is Axie Infinity’s SLP?

One objective of the game is the breed of digital creatures called Axies. To breed these creatures, users need to use AXS, the native token of Axie Infinity, and SLP, the in-game currency.

At press time, SLP was trading at $0.00388478, down by 2.3% in the last 24 hours. On the other hand, AXS was trading at $13.94, down by 1.6% in the previous 24 hours.