gmgn transfers $17.34M in BNB fees to Pionex exchange in a week
- —23,550 BNB worth about $17.34M transferred
- —Funds represent the platform's fee revenue for the week
- —Recipient is the Pionex exchange
Why it matters: A large transfer of a meme platform's fees to an exchange could signal preparation to sell BNB and put pressure on its price.
Source: PANews