Bitlayer team address cross-chain transferred 20 million BTR, worth approximately $670,000, to Binance Alpha wallet

Odaily reported that according to on-chain data, the Bitlayer team's multi-signature address (0x8E9E...c641) conducted token cross-chain and aggregation operations yesterday. Transaction records show that this address cross-chained BTR tokens from the ETH chain to the BSC chain, and in two separate transactions (5 million and 15 million, respectively), transferred a total of 20 million BTR to the Binance Alpha wallet address.

https://bscscan.com/tx/0x4ffd5d316c67d45c2b574473c98d8307797476476232a0a3777bc42c56f07878

https://bscscan.com/tx/0x71485961b04e5385df6408a80dad9d126234f2a5da5922b5a93338dc9dbdd7a9

According to CMC data, the current circulating supply of BTR is 333.28 million. The total amount transferred to Binance by this address accounts for approximately 6.00% of its circulating supply. BTR is currently trading at $0.03385, up 6.24% in the past 24 hours, with a circulating market cap of approximately $11.28 million.