Foresight News|Jul 20, 2026 08:58
[Address That Drained Bonk Treasury via Governance Proposal Has Fully Liquidated, Cashing Out Approximately $13.58 Million]
Foresight News reports, according to Ember monitoring, the address that previously withdrew 4.426 trillion BONK from the Bonk treasury through a governance proposal has completed liquidation 30 minutes ago. The final 400 billion BONK (approximately $1.17 million) was transferred to Coinbase. With this, the entire 4.426 trillion BONK withdrawn from the treasury 13 days ago has been fully transferred to centralized exchanges. Due to the ongoing sell-off, the price of BONK has dropped by approximately 40%. When this address initially acquired the BONK, it was valued at around $21.2 million, but after selling amid the price decline, it ultimately cashed out approximately $13.58 million.
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