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

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 liquidation. 30 minutes ago, its final 400 billion BONK entered Coinbase. As a result, the full 4.426 trillion BONK withdrawn from the Bonk treasury 13 days ago has now been entirely transferred to a CEX. The selling activity over the past few days has caused the price of BONK to drop by 40%. When the address first received these BONK, they were valued at $21.2 million. Through selling amid the price decline, the final cash-out amount stands at approximately $13.58 million.