Brevis issued a clarification regarding the alleged transfer of $5.3 million worth of BREV to an exchange by its team.
TL;DR
Brevis clarifies that a $5.3 million BREV transfer to exchanges was for routine market maker deployment to ensure liquidity and stability, not for dumping. The team is officially named Brevis, not 'BREV Team'.
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Odaily Odaily reports that in response to onchainschool.pro's monitoring and publication tonight of the news that " the BREV team transferred $5.3 million worth of BREV to an exchange ," Brevis has issued the following official clarification:
1. Regarding the project entity: The official name of the project team is Brevis, not "BREV Team", and the project token is BREV.
2. Regarding the true purpose of the on-chain funds: This asset transfer to the partner exchanges (OKX, Gate.io, Bitget) is a routine market maker (MM) fund deployment by the Brevis team to ensure sufficient liquidity of the BREV token in the market and maintain a healthy and stable trading environment. This is standard practice for project development and maintaining the normal market function of the token, and is not for the purpose of dumping.