After the release of a five-minute prologue clip of Grand Theft Auto VI (GTA 6) on August 26 stirred a sell-the-news event on CyberLeek (CYBERLEEK) memecoin, a pseudonymous GTA Forums user Vice Cit has identified several on-chain transactions of the leaker cashing out.
On August 27, Vice Cit stated that approximately $268,000 was withdrawn from the transaction fees pool for CYBERLEEK, a Solana (SOL)-based token, according to a post on GTA Forums. Vice Cit highlighted that the funds were split into several wallets, with some deposited into KuCoin cryptocurrency exchange and CCE.Cash, an automated non-custodial crypto swap service.
“The money was then divided up between 4 transactions and sent to various wallets that ultimately ended up in three different places; KuCoin, CCE.Cash, and there are some still sitting in various wallets that haven’t moved yet,” Vice Cit noted.
This on-chain analyst argued that the KuCoin and CCE.Cash transactions suggested that two parties may have been involved in the GTA 6 leaking scheme. As such, Vice Cit pointed out that the KuCoin exchange could help Take-Two Interactive Software Inc. (NASDAQ: TTWO) and law enforcement agencies catch up with the GTA 6 leaker, amid investigations.
Previously, the GTA 6 leaker had burned 270,000,000 CYBERLEEK tokens, worth about $1,790,000 at the time, possibly to gain the community’s trust. Furthermore, Vice Cit believes that the GTA 6 leaker gained more from the collected transaction fees than from selling tokens directly to the market.
CYBERLEEK price outlook as GTA 6 leaker cashes out
As the GTA 6 leaker began to cash out funds collected through transaction fees, CYBERLEEK price capitulated by more than 60% over the past 24 hours, trading at $0.005630 at press time, as per metrics from CoinMarketCap.
This token had a market capitalization of approximately $4.11 million and a 24-hour trading volume of about $15.45 million. The CYBERLEEK price selloff could accelerate as Rockstar Games is officially debuting “Grand Theft Auto VI: An Extended Look”, a gameplay showcase airing first on Netflix before hitting YouTube six hours later.
Featured image via Shutterstock
