Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply

Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply

Contrary to the obvious explanation, this massive whale wallet is not owned by Axie Infinity or the company behind it, Sky Mavis. For nearly a year now, a mysterious Axie Infinity wallet has been quietly amassing billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry’s most popular play-to-earn (P2E) crypto games. Today, the anonymous whale wallet now holds a little over 22 billion SLP — more than 50% the total circulating supply of the token. The problem? No one knows who it belongs to and what their intentions are. The wallet in question was brought....


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