A giant whale is continuously transferring massive amounts of BONK via the Fireblocks-managed platform to the BtcTurk cold wallet! From 10 hours ago to the present, this address has sent 8 batches into the exchange’s cold wallet, totaling about 35 billion BONK, worth approximately $902,000. The amount per transaction ranges from 3.5 billion to 5.9 billion BONK. The latest transfer was completed just 2 minutes ago.
With ongoing large injections into the exchange’s cold wallet, the funds are now in the exchange’s possession. Although they have not yet flowed into a hot wallet, they could be moved to the market for sale at any time, putting the BONK price at significant risk of a major sell-off in the short term.$1000BONK
With ongoing large injections into the exchange’s cold wallet, the funds are now in the exchange’s possession. Although they have not yet flowed into a hot wallet, they could be moved to the market for sale at any time, putting the BONK price at significant risk of a major sell-off in the short term.$1000BONK