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An address that drained Bonk’s treasury of $21.2 million transferred 400 billion BONK tokens to Coinbase, worth $1.28 million.
PANews July 18 report: According to on-chain analyst Yu Jin’s monitoring, the address that drained the Bonk treasury via a governance proposal—worth $21.2 million in BONK—yesterday transferred 1.186 trillion BONK ($4.11 million) into Binance, and then transferred 400 billion Bonk (=$1.28 million) to Coinbase. A total of 4.426 trillion BONK ($21.2 million) was extracted from the Bonk treasury through the governance proposal, of which 1.626 trillion (=$5.58 million) has already been moved to CEX. BONK’s price also fell 36% within 11 days.