The trader who legally withdrew 4.426 trillion $BONK tokens of $BONK the treasure, through the governance process, would continue to sell.
According to on-chain data shared via X, the trader in question sold an additional 800 billion $BONK let’s throw today. The value of the sale would be approximately $2.48 million.
In the July 6 incident, the trader took control of a total of $4.426 billion. $BONK tokens of $BONK cash, worth approximately $21.2 million. Since then, the price of $BONK fell by around 40%.
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According to shared data, the trader still holds 2.4 trillion $BONK tokens in their wallet. This amount would equate to approximately $6.94 million at current prices.
$BONKonce one of the largest memecoins in the Solana ecosystem, is going through a tough time due to the decline of the memecoin movement and the recent cyberattack. The token continued its losses today, seeing a 14% decline. Having reached a peak market cap exceeding $4 billion, the token currently holds a market cap of $243 million at the time of writing.
*This does not constitute investment advice.
