Clearing the address for withdrawing coins from Bonk Treasury through governance proposal, cashing out $13.58 million
According to Ashes Monitoring, 4.426 trillion BONKs have been cleared from Bonk's vault through governance proposals, and the final 400 billion BONKs (approximately $1.17 million) have been transferred to Coinbase. The 4.426 trillion BONKs withdrawn from this address 13 days ago have all been transferred to the centralized exchange. Affected by the sell-off, the price of BONK fell by about 40%. The address initially acquired this batch of BONK worth about $21.2 million and eventually cashed out about $13.58 million.