After completing the liquidation, the entity that emptied the Bonk treasury via a governance proposal has transferred all 4.426 trillion BONK tokens to CEX.
Odaily reported that according to on-chain analyst Yu Jin’s monitoring, the entity that emptied the Bonk treasury via a governance proposal has completed selling off its holdings, transferring the last 400 billion BONK (approximately $1.17 million) to an exchange 30 minutes ago. Thirteen days ago, this entity extracted 4.426 trillion BONK from the Bonk treasury, valued at around $21.2 million at that time. It gradually sold off as the price dropped, ultimately cashing out about $13.58 million. The sales caused BONK’s price to fall by 40%.
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