Exchanges· ★★· neutral·

Wallet withdraws 1M CAKE and 800 BNB worth $2.74M from Bybit

  • —1M CAKE worth $2.16M and 800 BNB worth $576K moved off Bybit
  • —Arkham tracked the transfer to wallet 0xf82
  • —The Flip proposal targets an 88% LP fee share and 7,000 CAKE daily issuance
  • —No confirmed connection between the withdrawal and the governance proposal
Why it matters: A large exchange outflow can point to cold-storage moves, but on its own it does not signal selling.
#CAKE#BNB
Source: TokenPost
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