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The liquidation is complete; all 4.426 trillion BONK tokens at a certain address have been transferred to a CEX.
Svmuu News: According to on-chain analyst Yu Jin, the address that withdrew 4.426 trillion BONK from the Bonk treasury via a governance proposal has now fully liquidated its holdings. Thirty minutes ago, the final 400 billion BONK were transferred to Coinbase.With this, the 4.426 trillion BONK that this address withdrew from the Bonk treasury 13 days ago has now been fully transferred to a CEX. Its sales over the past few days have caused the price of BONK to drop by 40%.When they first acquired these BONK tokens, they were worth $21.2 million; by selling them as the price fell over the past few days, they ultimately cashed out approximately $13.58 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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