The mystery of the Axie Infinity SLP whale wallet is solved, after a couple of stressful days of speculating on the identity of the owner. Michael Benko was most pleased to get an official answer from the wallet’s owner.

Following considerable speculation, the wallet containing more than 22 billion of Axie Infinity’s entire supply of in-game coin Smooth Love Potion (SLP) has been revealed as a Binance address.

The wallet was initially brought to light by Axie Infinity player and tech co-founder Michael Benko, who expressed worry that it held more than half of the total circulating amount of SLP, which might have an influence on the game’s ecology. The mystery was too much for the co-founder.

Following a recent article on the topic, Jeff Zirlin, co-founder of Axie Infinity, acknowledged on Twitter that the address is a “Binance Ronin gateway contract.”

Sky Mavis co-founder and chief operating officer Aleksander Larson had previously said that the wallet did not belong to Sky Mavis or Axie Infinity.

Finally, Zirlin put the subject to rest, saying,

“Let’s go on – thank you folks for helping to clarify up the information around this. The Binance Ronin gateway contract is correct.”

Benko stated he was eventually pleased with the outcome since he received the information he sought as well as a direct channel of communication with Zirlin:

“There were some pretty aggressive key opinion leaders […] who went after me on Twitter today, but I’m really proud of my initial story […]. I also think having Sky Mavis officially comment to explain to the community what this wallet is, is valuable. Now they have.”

Benko stated in a Twitter thread that he had previously sought an explanation from Sky Mavis and others without success before bringing the wallet to the notice of the media.

Binance has built several bridges into the Axie Infinity ecosystem, and the exchange allows players to withdraw assets from the game and vice versa.

The company has a lengthy history with Axie, and it previously assisted the project by creating a bridge for users to remove assets from the game after the Ronin Bridge fell down following the $600 million breach in March.

Worried Over Nothing

As it was previously reported the first evidence of the existence of the previously mysterious whale wallet made headways and raised concerns from investors. Benko was very worried because the wallet accumulated a large amount of SLP in a very short timeframe.

He further stated that if it was an individual who was the wallet’s owner it would give that person great power and control over this economy which would be scary.

Thankfully the mystery of the Axie Infinity SLP whale wallet has been solved, and Benko can let out a sigh of relief.

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