A wallet tied to the governance attack that drained the BONK treasury moved 1.186 trillion BONK, worth about $4.11 million, to Binance three hours before the report, according to monitoring by EmberCN. The same address had already sent 40 billion BONK, valued at roughly $190,000, to OKX on the day of the incident, while keeping the rest on-chain. EmberCN said the wallet had spent about $4.4 million 10 days earlier to buy enough BONK to meet the voting threshold required to push through a governance proposal. After that proposal was forced through, 4.426 trillion BONK, worth about $21.2 million, was transferred out of the BONK treasury. As of now, about 3.2 trillion BONK from the drained treasury remains in the address, with an estimated value of $10.98 million. Since the incident, BONK has fallen 28%, based on the figures cited in the report.
According to BlockBeats, citing EmberCN monitoring on July 17, an address linked to the governance attack that drained the BONK treasury moved another 1.186 trillion BONK to Binance around three hours before the report. The tokens were valued at about $4.11 million.
Tokens taken from the BONK treasury continue to move to exchanges
On the day of the incident, the same address had already transferred 40 billion BONK to OKX, worth about $190,000 based on the figures in the report. The rest remained on-chain.
As of now, about 3.2 trillion BONK taken from the treasury is still held by the address, with an estimated value of $10.98 million.
Address previously bought BONK to meet the governance threshold
EmberCN said the address spent about $4.4 million 10 days earlier to acquire enough BONK to reach the voting threshold needed for governance approval. It then launched a governance proposal and forced it through, transferring 4.426 trillion BONK out of the BONK treasury, worth about $21.2 million.
BONK has dropped 28% since the incident
The report said BONK is down 28% in total from the time of the incident to now.
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