The SONIC main team wallet transferred 12 million tokens, worth approximately $1 million, to a new address.
AI Summary1 min read
TL;DR
The SONIC main team transferred 24 million tokens worth $2 million to a new address in two transactions, and may be withdrawing tokens from exchanges.
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SonicLayer 1SONICtoken transferon-chain datacryptocurrencywallet activity
According to Mars Finance, monitoring by OnchainSchool shows that approximately four hours ago, the SONIC main team's wallet transferred 12 million tokens, worth about $1 million, to a new address. Another 12 million SONIC tokens were transferred to the same address five hours ago. This address now holds approximately $2 million worth of SONIC tokens. In addition, on-chain data suggests that the SONIC main team may have begun withdrawing tokens from Wintertermute and several exchanges in the past week.