True Ventures just received 3.82M BICO ($1.06M) from Biconomy's Vesting contract:

• transaction: 0x3be33494a3fbda7ccc7f6241334a77ee24be255e1abd720ba3fc9fcd551f7200
• address: 0x35b56618aad07af51a3fb4b80cafec6b1175b886
• This address belongs to the entity True Ventures

Notably:

• True Ventures's last BICO activity was 1.5 years ago, when the VC received 1.58M BICO from Biconomy: Vesting on January 2, 2023.
• So far, the VC has vested BICO from Biconomy 3 times, totaling 6M BICO at an average price of $1.66 ($9.98M) since December 2, 2021.
• The VC deposited 453K BICO to OKX at $9.29 on average ($4.21M) between December 2 and 5, 2021, allegedly dumping after the first vesting only.
• True Ventures also added BICO to liquidity pools on SushiSwap and UniSwap to further accumulate a small amount of BICO.
• Currently, True Ventures holds 5.56M BICO ($1.53M).

Fig 1. True Ventures received 3.82M BICO ($1.06M) from Biconomy's Vesting contract.

Fig 2. The current BICO holding of True Ventures.