Vet transfers from Mugshot Treasury and Subscription wallet to CEXs since 20th of October 2025
Treasury to CEXs
A total of 11,367,815.3770 VET was transferred from the Treasury wallet to centralized exchanges (Mexc and Kraken) across 69 transactions between October 2025 and October 2026, with an estimated historical fiat value of $138,497.04 USD.
Subscription wallet to CEXs
A total of 5,366,292.2451 VET was transferred from the Subscription wallet to centralized exchanges (Mexc and Kraken) across 43 transactions between March 2026 and October 2026, with an estimated historical fiat value of $34,415.96 USD.
Treasury/Subscription wallets to CEXs
A total of 16,734,107.6221 VET was transferred from both the Treasury and Subscription wallets to centralized exchanges (Mexc and Kraken) across 112 transactions between October 2025 and October 2026, with an estimated historical fiat value of $172,913.00 USD.
Incoming VET transfers to Treasury
0xecb382b2f66b1a9e299656c57d283d1d89c963cd - 51 703 VET, unknown
0x9b1732d8b2e29397879483bf9ad38ec75bbaeb20 - 6 000 VET, monthly trading rewards on BetterSwap
0x2df05107c99bd81f0f33064c3ac60c75418af330 - 26 433 VET, unknown
0xfc5a8bbff0cfc616472772167024e7cd977f27f6 - 76 144 VET, likely for collaboration with Thorhead
0x546f90692bb93cd63542bd8e8fcc9d998245605d - 1 500 000 VET exchanged for 388 000 B3tr what looks like an OTC deal. The VET was transferred through mediatory wallets from a Vechain validator, while the b3tr ended up in 2 wallets, unknown and the other connected to NanoAct. There’s also JusTote treasury wallet involved, but I did not explore it.
Mugshot.vet - 153 950 VET
This accounts for 1 814 230 VET.
Leaves us with 9 553 585 VET acquired through DEX swaps.
What Apollo, representative of Mugshot, publicly shared after community concerns surrounding the spending/brought value to the DAO ratio?
For the treasury that you like to mention is purely used for operational side of Mugshot, there is alot going in the background that barely covers everything with the remaining of the allocation, at the end of the day we are still the dApp with most txs.
When I can share a full breakdown on the expenses will do, we are always looking into reducing expenses but as said it is all being used for Mugshot operations.
and I said above the remaining amount of allocations and pro is used entirely for Mugshot, for example paying for infra with being the app with most users and txs it is not free.