On-chain data monitoring shows that an address associated with the Floki team completed a large-scale sell-off within the past hour. The address sold a total of 27.4 billion FLOKI tokens, receiving 340.61 ETH in exchange, with a market value of approximately $1.35 million.

According to on-chain tracking, the source of the funds for this batch of tokens is noteworthy. Early tokens were distributed from the Floki deployment address, which transferred them to another address for safekeeping three years ago, and then conducted a secondary transfer through an intermediary address before reaching the final sell-off address. This multi-layered transfer path is common in whale operations, often used to evade tracking or optimize transaction flow.

In the current market environment focused on environmental sustainability, large-scale token sell-offs often exert short-term pressure on project liquidity and market sentiment. Traders should closely monitor such on-chain large movements as a reference for risk assessment.