A trader deposited 2.4 trillion BONK tokens into a centralized exchange on July 20 after earlier withdrawing 4.426 trillion tokens from the BONK treasury through an approved mechanism. The latest transfer follows a prior large withdrawal that had drawn market attention.
On-chain data showed the initial withdrawal of more than 4 trillion tokens. The purpose behind the subsequent deposit to the exchange remains unknown. Market observers are monitoring the situation for any potential future selling pressure on the token.
On-chain data showed the initial withdrawal of more than 4 trillion tokens. The purpose behind the subsequent deposit to the exchange remains unknown. Market observers are monitoring the situation for any potential future selling pressure on the token.