Aztec Network Moves Remaining Auction ETH to Coinbase, Total Transfers Top 15,000 ETH
On-chain analyst Ember (@EmberCN) reported that Ethereum privacy L2 project Aztec Network sent its final 5,020 ETH (about $12.33 million) to Coinbase early today, completing the conversion of the 19,388.4 ETH (about $59.13 million) raised in its public auction last December. The project sold 15% of AZTEC's supply (1.5 billion tokens) at $0.0473, roughly 50% below the current price. At the token generation event (TGE), the team withdrew 4,234.6 ETH to seed liquidity, while the remaining 15,154 ETH was transferred to Coinbase in batches over the past three months.