The Bubblemaps Ecosystem Claim wallet has deposited 10M
$BMT , worth around $187.9K, to Gate after roughly a month without activity.
The dollar value may not look huge, but
#BMT 's circulating market cap is only around $17.57M. That means this single transfer represents roughly 1.4% of the circulating supply.
It's also reportedly the largest single-token deposit to Gate from this wallet in the past year, so it's definitely worth watching.
A deposit to an exchange doesn't automatically mean the tokens will be sold, but with such a large chunk relative to BMT's circulating supply, any subsequent selling could have an outsized impact on price.
address: 0x60bc67efA43bbffb800f87C983A1BEFaC462DE21