The dealer who legally withdrew 4.426 trillion $BONK tokens from the $BONK treasury by way of the governance course of is reportedly persevering with to promote.
In accordance with on-chain knowledge shared by way of X, the dealer in query offered one other 800 billion $BONK tokens right this moment. The sale is claimed to be price roughly $2.48 million.
Within the incident on July sixth, the dealer gained management of a complete of 4.426 trillion $BONK tokens from the $BONK treasury, price roughly $21.2 million. Since then, the worth of $BONK has fallen by about 40%.
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In accordance with the shared knowledge, the dealer nonetheless holds 2.4 trillion $BONK tokens of their pockets. This quantity is claimed to be price roughly $6.94 million at present costs.
$BONK, as soon as one of many largest memecoins within the Solana ecosystem, is experiencing tough occasions because of the decline within the memecoin motion and the current cyberattack. The token continued its losses right this moment, experiencing a 14% drop. Having reached a peak market capitalization exceeding $4 billion, the token at present holds a market capitalization of $243 million on the time of writing.
*This isn’t funding recommendation.
