Wallet 0xd56 (likely Youbi Capital) just deposited 10.5M YGG ($5.32M) to Binance:

• transaction: 0xa6f72cda2ad108708454bc809501d2e1273718e7b434539da02c627b3c887fad
• offloading address: 0xd5643ea6ca841e37fbe254090a8891371b5f57f4
• main address: 0x32adbfc887bda515d34f48350820539621fb564a
• These addresses likely belong to the entity Youbi Capital

Notably, these 10.5M YGG were transferred out of Youbi Capital's known wallet 0x32a on April 15, 2024, and finally reached the current offloading wallet on April 22. This deposit is also allegedly Youbi Capital's first significant YGG activity after 1.25 years.

Overall, Youbi Capital was an investor in Yield Guild Games and received most of their YGGs from the project. Currently, the VC holds 3.74M YGG ($1.89M):

• received a total of 16M YGG (valued at $6.02M) from the vesting contract of Yield Guild Games between August 3, 2022, and May 6, 2024, at an average price of $0.376;
• further withdrew 5.54M YGG from Binance at an average price of $0.34 (estimated cost: $1.88M) on September 22, 2022, and August 9, 2023;
• has deposited 17.8M YGG to Binance at an average price of $0.476 ($8.48M) since August 4, 2022.

Fig 1. The overall YGG trading history of Youbi Capital (excluding the vesting of 16M from Yield Guild Games).

Fig 2. The YGG token flow of Youbi Capital.