BONK attackers once again transferred 40 billion tokens to Coinbase, bringing the total CEX to 1.626

Wallets related to BONK governance events transferred another 400 billion BONK to Coinbase

Based on on-chain tracking of relevant addresses, wallets related to BONK governance events reportedly transferred another 400 billion BONK to Coinbase, bringing the cumulative total number of BONK flowing to centralized exchanges to 1.626 trillion.

The latest trend was marked on the X platform by the blockchain monitoring account Lookonchain, which has been tracking the flow of tokens related to BONK governance events. Since news sources only rely on a single social platform post, relevant data should be regarded as reported content rather than full confirmation.

BONK attackers transferred another 400 billion tokens to Coinbase

Tracking data shows that the latest transferred 400 billion BONK coins flowed to Coinbase. This deposit brought the cumulative total number of BONK sent to the centralized exchange to 1.626 trillion, indicating that this was a series of transfer operations rather than a one-time transaction. Activity at the relevant receiving address can be viewed directly through the associated Solana account on Solscan, which displays changes in token balances at the tracked address. A similar pattern has been previously reported that BONK treasury related funds were transferred to Binance through a governance proposal.

Why Coinbase is a destination important

The exchange that receives the latest tokens is marked as Coinbase. The reason why funds are deposited on major exchanges is that it is usually a prerequisite for sales-assets usually need to be deposited on an exchange before they can be entered into the order book for liquidation. The transfer to the exchange itself does not prove that a sale has occurred. On-chain transfers and confirmed exchange sales are two different things. The tracking data quoted here only shows deposit records and does not involve subsequent transactions. Since research clues do not include verified price, trading volume or market value data, any market impact can only be judged qualitatively. Traders concerned are watching whether the deposited balance will gradually decrease over time, a pattern that has also appeared in other large transfers, such as the recent sale of 30,000 ETH through over-the-counter.

Unconfirmed content

The underlying research has only been partially verified and has low credibility. The main source is Lookonchain's social posts rather than official statements. Readers should weigh relevant arguments carefully. Several elements remain to be confirmed: the identity behind the wallet, the specific methods used in the governance incident, and the final disposal of the funds once they arrive at Coinbase. The incident has been characterized as government-related, similar to previous BONK transfers linked to the Realms DAO proposal, but the specific details of the latest transfer have not yet been independently confirmed.

The position of this transfer in the broader timeline

This time, 400 billion BONK pieces were deposited different from the cumulative total of 1.626 trillion pieces. The difference between a single transfer and the cumulative value suggests that multiple funds have previously flowed to a centralized exchange, which is consistent with the previously reported Binan deposit incident. In addition to this cumulative framework, current research does not provide verified specific timestamps or wallet history, so an accurate timeline cannot be reconstructed here. Government-driven transfers of funds have attracted similar attention in other scenarios, including discussions about how the Uniswap governance proposal can guide protocol fees.

FAQs

Does depositing Coinbase mean confirming the sale? No. This only means that the token arrives at the exchange address; the actual sale requires a separate transaction execution, which cannot be confirmed by tracking data.

What does 1.626 trillion BONK represent? This is the reported cumulative number of BONK sent to the centralized exchange through multiple transfers, not the size of a single operation.

What should holders pay attention to? Confirmation from the chain tracker and any official statements, while focusing on whether the deposited balance has been consumed, which can be observed through the exchange address on Solscan.

Disclaimer : This article is for information purposes only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Before making a decision, be sure to study it yourself.