Another 400B BONK reportedly moves to Coinbase
The latest transfer of 400 billion BONK to Coinbase was flagged by on-chain tracker Lookonchain and shared through a Telegram report, according to unconfirmed reports. No transaction hash or wallet address has been independently confirmed at press time. For related coverage, see Robinhood Adds XLM, BONK, PENGU, PNUT for Trading.
The deposit is attributed to addresses linked to the attacker behind the BonkDAO treasury incident, which drained roughly $20 million after spending about $4 million to pass a malicious governance proposal. For related coverage, see Franklin Templeton Leads Tokenized Treasury Issuers With $1.6B AUM Growth.
The exploit route was earlier detailed by reporting on the BonkDAO proposal, which described how the attacker used a governance vote to access treasury funds.
CEX-linked BONK total rises to 1.626T
With the new deposit added, the cumulative amount attacker-linked wallets have sent to centralized exchanges now stands at 1.626 trillion BONK, according to the same Telegram report. That total is described as the sum of repeated movements rather than a single transfer.
The framing matters: the most recent deposit is presented as one step in a sequence of exchange-bound flows, not an isolated wallet move. BONK has been an active listing across major venues, including Robinhood, which added BONK for trading, giving attacker-linked funds multiple liquid exit points.
BONK’s broader market activity has drawn attention in recent months, from meme-coin price swings alongside DOGE, SHIB and PEPE to treasury accumulation such as Bonk Holdings acquiring $32 million in tokens.
Why traders will watch Coinbase inflows after the report
Large deposits to a centralized exchange typically draw scrutiny because inflows are often monitored as a potential precursor to sell-side pressure. The reported movements center on repeated attacker-linked deposits, which increases that scrutiny.
No confirmed selling has been tied to the reported deposits, and the on-chain totals cited in the Telegram report have not been independently verified. Until a transaction hash and receiving addresses are confirmed on Solscan, the 400 billion and 1.626 trillion figures should be treated as reported, not established.
Security researchers have pointed to the BonkDAO episode as a case study in governance risk, with a post-mortem for builders examining how a paid-for proposal was used to reach treasury funds.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
