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Axie Infinity Whale holds 50 percent of the in-game tokens



 An unknown Axie Infinity player has amassed more than 50 percent of the Smooth Love Potion in-game cryptocurrency since last year . The wallet can be viewed via the “Roninchain Explorer” .

The whale holds over 22 billion SLP, current value: about 86 million US dollars. According to data from Coinmarketcap , there are a total of 43 billion SLP tokens so far.

Within the Axie Infinity ecosystem, Smooth Love Potion is used to grow Axies. These Pokémon-like creatures can then be sold to other players as an NFT.

Hackernoon author Michael Benko, who first noticed the whale wallet, explained that the whale could use its market power to manipulate the price or even crash it.

“A whale with such massive inventory could slowly flood the market with more SLP. If the supply runs out, he could replace the supply. If the demand increases, he could increase the supply,” said Benko.

The responsible video game developer Sky Mavis has not yet commented on this. What the whale plans to do with more than 50 percent of the SLP tokens is also unclear.

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