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A wallet associated with the BEAT team sent $1.2 million worth of tokens to a CEX, suspected to be for profit-taking through selling.
PANews, December 8—According to monitoring by Onchain School and data from Arkham, about 17 hours ago, a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to the cryptocurrency exchange Gate. These tokens are currently still held at the exchange’s deposit address and have not yet been further transferred or traded. However, analysis shows that some of the BEAT team’s token-holding wallets have already tested small transactions, indicating that there may be further trading operations to cash out for profit.