According to Foresight News, the largest holder of BOME, known as sundayfunday.sol, has reportedly transferred 9 million BOME tokens to the Ethereum network via Wormhole. The transaction, valued at approximately $83,000, was detected by on-chain analyst @ai_9684xtpa.
The receiving address had created a smart contract for ERC-721 and ERC-1155 interactions about 10 hours prior to the transaction. The smart contract was then used for interactions. This move by the largest BOME holder indicates a significant shift in the token's distribution and could potentially impact its market dynamics.
The use of Wormhole for the transfer also highlights the growing trend of cross-chain transactions, which allow for greater flexibility and interoperability between different blockchain networks. This development could have implications for the broader cryptocurrency market, particularly for tokens like BOME that are not native to the Ethereum network.
