Brevis states the $5.3 million BREV transfer to OKX, Gate.io, and Bitget was a standard market-making liquidity deployment, not a sell-off, aimed at supporting orderly trading and market stability.
Brevis stated that a $5.3 million transfer of BREV tokens to OKX, Gate.io, and Bitget was part of a standard market-making deployment intended to provide liquidity and support stable trading, and that it should not be interpreted as a sell-off. The existing on-chain activity described $6.7 million in BREV tokens moved between wallets, including $1.7 million sent to OKX and Gate, $860,000 allocated to two new wallets, and $1.7 million remaining in a receiving wallet, with Brevis framing exchange transfers as liquidity operations.