Suspected Block Street team address transfers 5 million BSB to Bybit, worth approximately $3.65 million

According to Arkham data, a suspected Block Street team address has transferred tokens to a Bybit deposit address (0xEcB8...0D51) over the past two hours, with a cumulative transfer of 5 million BSB tokens, valued at approximately $3.6534 million. The tokens from this sending address previously originated from the BSB team's multi-signature address.

Currently, the circulating supply of BSB is 207.75 million tokens, and the total amount received by this address accounts for approximately 2.41% of the circulating supply. BSB is currently trading at $0.7595, with a 24-hour decline of 9.11%, and its circulating market cap is approximately $157.8 million.