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

According to Arkham data, a suspected Block Street team address transferred tokens to a Bybit deposit address (0xEcB8...0D51) over the past two hours, sending a total of 5 million BSB tokens worth approximately $3.6534 million. The tokens in this sending address were originally sourced from the BSB team's multi-signature address.

The current 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, down 9.11% in the past 24 hours, with a circulating market cap of approximately $157.8 million.