PANews reported on April 18 that, according to on-chain analyst Yu Jin, with the transfer of the last 5,020 ETH ($12.33 million USD) to Coinbase 9 hours ago, the Ethereum privacy L2 project Aztec has cashed out all the ETH obtained from the public sale of $AZTEC last year.

Last December, the project team auctioned off 15% of $AZTEC (1.5 billion tokens) in a public sale, raising 19,388.4 ETH ($59.13 million). The $AZTEC offering price was $0.0473 (now down 50%). During the TGE in February, 4,234.6 ETH ($12.91 million) were used to create liquidity from the auction proceeds. The remaining 15,154 ETH ($37 million) were gradually transferred to Coinbase over the past three months, with the final transfer of 5,020 ETH to Coinbase occurring early this morning.