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The bankrupt exchange is closing all positions on 146 million BOBA, accounting for 29% of the total, which may flow out OTC.
[Chain News] PANews, June 26 - According to reports, after Boba Network announced that its Token had entered a fully circulating state, a bankrupt exchange Address has closed all positions on-chain, liquidating 146 million $BOBA (approximately 12.22 million USD) within the last 22 hours and transferring all of it to a certain exchange platform. This batch of Tokens accounts for 29% of the total BOBA supply, while the daily trading volume of BOBA in the Secondary Market is only a few million dollars. Industry insiders believe that if this portion of Tokens is to flow out, it may be completed through inter-institutional OTC methods.