A wallet linked to the BEAT team has transferred approximately $1.2 million worth of tokens to the cryptocurrency exchange Gate, according to data from Onchain School and Arkham. The transfer, which occurred about 17 hours ago, suggests a potential sell-off as the tokens remain in the exchange's deposit address, awaiting further action.
While the tokens have not yet been traded, analysis indicates that some wallets holding BEAT tokens have conducted small-scale test transactions. This activity points to possible future trading operations aimed at cashing out and realizing profits.
BEAT Team Transfers $1.2 Million in Tokens to Exchange
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