BONK governance exploit-linked address sends another 400 billion BONK to Coinbase

An address tied to the transfer of BONK from the Bonk treasury through a governance proposal has moved another 400 billion BONK to Coinbase, according to monitoring by Ember. The transfer was valued at about $1.28 million. It came one day after the same address sent 1.186 trillion BONK, worth roughly $4.11 million, to Binance. Data cited by Ember shows that, out of 4.426 trillion BONK withdrawn from the Bonk treasury through the governance proposal, 1.626 trillion BONK has already been deposited to centralized exchanges. That portion was valued at about $5.58 million at the time referenced in the report. The report also noted BONK's price decline over the 11 days since the treasury assets were moved out. During that period, BONK fell about 36%, dropping from $0.0000047 to $0.000003. The update focuses on the movement of treasury-linked tokens and the amount that has already reached major exchanges.