BSB plunged as much as 65.08% intraday and was down 45.39% over 24 hours after a suspected Block Street-linked wallet moved 5 million tokens, worth about $3.65 million, to Bybit.
A wallet suspected to be linked to the Block Street team transferred 5 million BSB, valued at about $3.65 million, to a Bybit deposit address. The tokens were previously sourced from a BSB team multisig wallet, and the transferred amount equals about 2.41% of BSB’s 207.75 million circulating supply. Following the transfer, BSB fell to $0.45528, down 45.39% in 24 hours, after dropping below $0.30 at its intraday low. Its maximum 24-hour decline reached 65.08%.