51 Billion BONK Transferred from One Exchange to Another Last Night
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According to Jinse Finance, on-chain analyst Yujin observed that within half an hour after the Bonk project team announced on Twitter that they had repurchased and burned 500 billion BONK tokens (worth $18.47 million) last night, 510 billion BONK tokens (worth $18.75 million) were transferred from Galaxy Digital to an exchange. This may have caused BONK to drop by 10%, falling from $0.0000365 to $0.0000325.
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