Cookie Team Transfers $12.55M in Tokens to Binance: Market Reacts

Eight hours ago, a multi-signature address linked to the Cookie team transferred 20 million $Cookie tokens, valued at approximately $12.55 million, to Binance, according to @spotonchain. This transaction has caught the attention of the community, sparking discussions about its implications for $Cookie’s market performance. Token Allocation History The same address has received a total of 75 million $Cookie tokens from the project’s deployer wallet since June 13, 2024. After the recent transfer to Binance, the wallet still holds 20 million $Cookie, valued at approximately $11.33 million. 【Key Update】: $Cookie Team Transfers 20M Tokens to Binance According to @spotonchain , 8 hours ago, a multi-signature address associated with the Cookie team transferred 20 million $Cookie tokens (approx. $12.55M) to @binance . This address has received a total of 75… pic.twitter.com/VxytMU6SJ6 — Followin (@followin_io) January 11, 2025 Market Impact and Narrowing Gains The announcement of $Cookie’s listing on Binance initially propelled its market cap to over $220 million. However, following the token transfer, $Cookie’s gains have started to narrow, with its current market cap now sitting at $160 million. This decline has raised questions about potential selling pressure and its impact on the token’s near-term performance. The Vision Behind Cookie @cookiedotfun, the team behind $Cookie, is developing the first index and data layer for AI agents in the market. This ambitious project positions Cookie as a pioneer in integrating blockchain technology with AI, making it a compelling proposition for investors. Crazy price action for $COOKIE after the @binance 's listing @cookiedotfun is building the first index and data layer for all AI Agents on the market $VIRTUAL is the first project that integrated Cookie's APIs This will see exponential growth soon pic.twitter.com/6Bi0owKXuz — ANYMA (@0xAnyma) January 10, 2025 What’s Next for $Cookie? The large token transfer to Binance has created mixed market sentiment, with some investors concerned about potential sell-offs and others viewing it as an opportunity for increased liquidity and exposure. As the team continues to build its innovative platform, the market will likely watch closely for further updates and developments. With its growing ecosystem and high-profile exchange listing, $Cookie remains a project to monitor in the rapidly evolving blockchain and AI landscape. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: nijieimu/ 123RF // Image Effects by Colorcinch