Large Transfer of $BANANA Tokens Raises Questions

8/17/2024 1:25:38 AM

According to @EmberCN, 75,000 $BANANA tokens worth $3.75 million were transferred from the Banana Gun treasury to a Galaxy Digital address 5 hours ago. Subsequently, 25,000 tokens ($1.25 million) were moved to Binance within the past 2 hours. Given that Galaxy Digital does not typically engage in market-making activities, this raises questions about whether these transactions were conducted over-the-counter (OTC). (Source)

Banana Gun Binance Galaxy Digital $BANANA

More from 余烬 (@EmberCN): Analyst about On-chain Analysis

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