Clearing complete: An address has transferred all 4.426 trillion BONK to CEX

Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, the address that withdrew 4.426 trillion BONK from the Bonk treasury via a governance proposal has completed its clearing. 30 minutes ago, its final 400 billion BONK entered Coinbase. At this point, all 4.426 trillion BONK withdrawn from the Bonk treasury 13 days ago have been fully transferred to CEX. These sales over the past few days have caused the price of BONK to drop by 40%. When it first acquired these BONK, they were worth $21.2 million. Selling as the price fell over these days, the final cash-out amount was approximately $13.58 million.