Ignition Team Member Sells 15 Million Tokens

According to ChainCatcher, the official account of the token launch platform Ignition stated that on October 23, a team member transferred 15 million IGNITION tokens from the developer wallet to a new wallet and sold them without consent, with the proceeds going into their personal wallet. This member no longer aligns with the project's direction and is no longer part of the project. The official team indicated that the creator fee permissions have been transferred to a new wallet controlled by the existing team, the launch platform is still operational, the Hook Layer testnet remains open, and Hook Pad is also kept open. Future plans include transferring creator fees to a team multi-signature wallet, publicly disclosing the fee, treasury, and team wallet lists, advancing the Hook Layer mainnet, and resuming weekly updates. These operations are visible on-chain, and further explanations will be provided by the team. Ignition is a token launch platform deployed on the Robinhood Chain, with issued tokens being fixed-supply ERC20 tokens traded in the Uniswap v4 pool.

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