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According to on-chain monitoring data, recent actions by the SONIC main team have attracted attention. About four hours ago, the main team wallet transferred 12 million SONIC tokens to a new address in one go, worth approximately $1 million. Interestingly, the same address received another transfer of 12 million SONIC tokens five hours earlier. Now, this address has accumulated SONIC tokens worth about $2 million.
What’s more noteworthy is the trend reflected behind the on-chain data — over the past week, the SONIC main team appears to have been gradually withdrawing tokens from Wintermute and several exchanges. What signals do these series of actions send? Is it liquidity management or other considerations? The community can interpret for themselves. In any case, such frequent large transfers on the chain are clearly visible, which is no wonder they have attracted attention.