Unusual $230M token transfer detected from WazirX to external wallet

On-chain analytics platform Lookonchain shared via X that it has identified unusual token transactions worth $230 million, moving from an address associated with Indian cryptocurrency exchange WazirX to a wallet starting with 0x04b2. This observation was further detailed by noting that the wallet in question had already sold 640.27 billion PEPE tokens, valued at $7.6 million. Blockchain security expert ZachXBT raised concerns that these activities might indicate a $230 million hack at WazirX. The expert pointed out that the alleged exploiter still possesses over $100 million in SHIB tokens and more than $4.7 million in FLOKI tokens, suggesting potential further market impacts.