Svmuu News: According to on-chain analyst Yu Jin, an address submitted a proposal on the governance platform on June 30, proposing to transfer 4.426 trillion BONK from the bonk_inu treasury to the 9bxW...JHvQ wallet, valued at $21.2 million. For the proposal to pass, it requires a minimum of 1% of the tokens—879.95 billion BONK—to vote in favor.
Over the past two days, this address withdrew a total of 882.285 billion BONK from Binance and Bybit onto the blockchain, worth $4.4 million, and voted in favor of the proposal, meeting the requirements for its passage.After the proposal met the passage requirements yesterday afternoon, it was automatically executed, and 4.426 trillion BONK from the treasury were transferred to the wallet 9bxW...JHvQ.
Subsequently, that address transferred 40 billion BONK—worth $190,000—to OKX, and another 4.386 trillion BONK—worth $18.64 million—to the address EXaJ...eh42.